Cost Of Living in Winfield, 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	Winfield	Indiana	National
Cost of living	121	90	100
Goods & Services	107	94	100
Groceries	104	98	100
Health care	108	96	100
Housing	160	72	100
Transportation	107	95	100
Utilities	89	107	100

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Cost Of Living Quick Facts

The cost of living in Winfield is 35% higher than the Indiana average
The cost of living in Winfield is 21% higher than the national average
Winfield housing is 60% higher 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	$108,812	$9,068	$2,539	$3,265
Renters	$0	$0	$0	$0

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Winfield, IN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Winfield homeowners, is $108,812. This would allow for a maximum of $2,539 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

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	Winfield	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	Winfield	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	Winfield	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	Winfield	National avg.	Difference
Home Price	$292,100.00	$184,700.00	58.1%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$1,547.00	$949.00	63.0%

Transportation

Item	Winfield	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	Winfield	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

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.
Wheeler, IN	229	104	3.9%
Gary, IN	75,486	88	12.0%
Lake Station, IN	11,952	91	8.6%
New Chicago, IN	1,846	91	8.6%
Hammond, IN	76,141	92	7.7%
Winfield, IN	5,879	121	20.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Clearfield, PA	5,878	86	14.1%
Country Homes, WA	5,877	111	10.7%
Glendale, MO	5,881	127	26.7%
Paulsboro, NJ	5,881	97	3.3%
International Falls, MN	5,876	86	14.4%
Winfield, IN	5,879	121	20.6%

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 Winfield, IN