Cost Of Living in Mitchell, IN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Mitchell	Indiana	National
Cost of living	84	90	100
Goods & Services	99	94	100
Groceries	101	98	100
Health care	95	96	100
Housing	48	72	100
Transportation	96	95	100
Utilities	104	107	100

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Cost Of Living Quick Facts

The cost of living in Mitchell is 6% lower than the Indiana average
The cost of living in Mitchell is 16% lower than the national average
Mitchell housing is 52% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 21% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,731	$4,394	$1,230	$1,582
Renters	$18,300	$1,525	$427	$549

A good indicator of the general affordability of housing in Mitchell, IN, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Mitchell, the median monthly income is $52,731 for those who own their own homes. Under the standard rule, that income level would allow for $1,230 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $18,300, per the median income in the area. That would allow for renters to spend up to $427 on monthly rental expenses.

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.15%	3.15%

Goods & Services

Item	Mitchell	National avg.	Difference
Haircut	$26.42	$24.26	8.9%
Beauty Salon	$47.57	$45.56	4.4%
Toothpaste	$3.55	$3.70	4.0%
Shampoo	$1.36	$1.28	6.5%
Movie	$11.48	$12.13	5.4%
Bowling	$16.61	$18.00	7.7%

Groceries

Item	Mitchell	National avg.	Difference
Ground Beef	$5.88	$5.84	0.8%
Fried Chicken	$1.74	$1.57	10.8%
Milk	$4.78	$4.67	2.4%
Potatoes	$5.01	$4.93	1.6%
Pizza	$12.45	$12.09	3.0%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Mitchell	National avg.	Difference
Optometrist	$173.41	$125.68	38.0%
Doctor	$108.22	$135.78	20.3%
Dentist	$104.94	$113.29	7.4%
Ibuprofen	$10.84	$10.65	1.8%
Lipitor	$483.43	$468.60	3.2%

Housing

Item	Mitchell	National avg.	Difference
Home Price	$75,700.00	$184,700.00	59.0%
Avg. Mortgage Payment	$2,453.08	$2,346.69	4.5%
Apartment Rent	$619.00	$949.00	34.8%

Transportation

Item	Mitchell	National avg.	Difference
Gasoline	$3.56	$3.46	2.9%
Tire Balancing	$47.16	$59.92	21.3%

Utilities

Item	Mitchell	National avg.	Difference
All Electricity	$206.98	$193.99	6.7%
Phone	$190.02	$192.25	1.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Owensburg, IN	389	82	18.2%
Livonia, IN	76	83	17.5%
Saltillo, IN	160	83	17.1%
French Lick, IN	1,792	84	15.8%
Campbellsburg, IN	815	85	14.8%
Mitchell, IN	4,272	84	16.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Laguna Beach, FL	4,271	106	5.9%
West Wendover, NV	4,271	99	0.8%
North Okanagan F, BC	4,273	n/a
Buchanan, MI	4,270	85	15.4%
Hugoton, KS	4,274	83	17.1%
Mitchell, IN	4,272	84	16.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Mitchell, IN