Is Indiana a Good Place to Live with Affordable Cost of Living?

Considering moving to Indiana? Learn about its low cost of living & other benefits like access to public transportation & excellent healthcare.

Is Indiana a Good Place to Live with Affordable Cost of Living?

Healthcare is a difficult metric to measure, since it has many variables. Personal health plans, location, population age, and other factors can affect pricing. If you're looking for affordable health care in general, Indiana is a good option. In most major metropolitan areas, the cost of health care is below or just above the national average. Indianapolis is home to nationally ranked hospitals, providing residents with excellent access to top-notch medical care.

The largest city and capital of this state is Indianapolis. Despite these high prices, we highly recommend that you start your Indiana adventure by visiting the capital, Indianapolis. In addition, Fort Wayne has a vibrant and growing arts society, a wide variety of jobs, and most importantly, they are all family-friendly. Evansville is a city in Indiana, located in the extreme southwest of the state. Even though Evansville has grocery prices 11% lower than the national average, they're still expensive compared to other cities in the state.

Affordable Cost of Living?

Indiana is a Midwestern state known for its economic stability and job opportunities. Its varied geography combines fertile farmland, mountains and hills, and bustling cities.

It is an ideal place to live if you’re looking for a good balance between affordable cost of living and a great quality of life. Here are six things to consider if you’re considering moving to Indiana.

1. Low Cost of Living

Indiana is known for its affordable cost of living, which makes it a great place to live. You can expect to pay lower prices for foods and goods, less expensive healthcare costs, and much lower transportation tickets.

In addition, you can save a lot of money on rent by renting with a roommate in Indiana. Whether you’re looking for modern apartments or single-family homes, there are plenty of housing options available to suit your needs and budget.

The state’s economy is also strong, with comprehensive job growth across multiple industries. This includes high-paying jobs in science, technology, and engineering as well as administrative, transport, and warehousing positions.

2. Affordable Housing

Indiana is home to many affordable housing options for those who want to live in a state that offers low cost of living. The statewide average price of goods and services is 10.7% lower than the national average, making it one of the most affordable states to live in.

As a result, many people are happy to live in the Hoosier State and are content with their lives. For this reason, Indiana is an excellent choice for families and individuals who are looking to move to a new city.

There are many different types of rental properties available in Indiana, from high-rise modern apartments to single family homes. You can even rent from a local owner if you prefer a more personal relationship with your landlord.

3. Low Traffic

Compared to many other states, Indiana is one of the best places to live with affordable cost of living. Here you can expect affordable housing prices, reasonable food and restaurant costs, low healthcare costs and even cheaper transport tickets.

In addition to this, Indiana has a relatively low crime rate. This is a big plus for families looking to raise their kids in a safe community.

Also, there are plenty of parks and playgrounds where you can spend time without worrying about a car on the road ruining your day.

The state is surrounded by endless farmlands, which give it a sense of small-town charm. On the other hand, the cities provide a more urban atmosphere and offer a variety of entertainment options.

For example, Indianapolis is a large city with many amenities and attractions. It is a great choice for those who want to live in a bustling metropolis but not to the same crazy levels as New York or Los Angeles.

4. All Four Seasons

If you’re looking for a place where you can live comfortably with low cost of living, Indiana is one of the best places to move. Its affordable housing, high employment rate, and low crime rates make it a great place to raise a family or pursue a career.

The state has a humid continental climate (type Dfa according to Koppen climate classification). Summers are hot and humid with average daytime temperatures of 90degF.

During the winter, snowfall is common and varies across the state. Generally, heavy snowfall occurs around Lake Michigan in the northern part of the state and much less in the south.

There are a lot of grassy parks and large courtyards in Indiana, perfect for picnicking or backyard kickball games. The housing prices in this state are much lower than California, so it’s a great choice for anyone who wants to live on a budget.

Living in South Bend offers residents a dense suburban environment and most residents own their homes. Of course, whether you're interested in sculpture, glassware, painting, performing arts or simply some artistic handmade chocolate, you can find it in Carmel. If you're considering moving to Indiana and want to know if it's an affordable place to live, you've come to the right place. Indiana is known for its low cost of living and its friendly people. Start by checking out this apartment guide, and then keep looking for all the details on how to create your new Indiana budget.

Naturally, you'll need to earn more to live in a big city like Indianapolis compared to a smaller city like Evansville or Terre Haute. If you want to move to an incredible state with a strong economy and more breathing room, Indiana could be the state for you. Indianapolis residents move around the city using the Indianapolis Public Transportation Corporation, also known as IndyGo. They offer 16 fixed routes around the city, easily connecting important areas such as the main campus of Indiana University and the city center. With gas prices rising in Indiana, having access access to public transportation to save money is more important than ever. To help you save on some of your monthly costs, you may be able to combine your cell phone with your Internet provider.

But if you plan to be outside all year round, remember that you'll need to adjust your wardrobe accordingly, which will also come at an additional cost. With a few exceptions, the cost of living for transportation in Indiana cities is below the national average. With so many delicious restaurants and iconic Indiana foods, it's hard to resist a few meals outside the kitchen. Bloomington is Indiana's main university city, home to the prestigious Indiana University, Bloomington. So if you want low prices, picturesque landscapes and friendly neighbors, Indiana could be your sweet home. Indiana has rental properties in all its forms, from modern high-rise apartments in the city to single-family homes in the suburbs.

In addition, the name Indiana means Land of the Indians so it's no surprise that all Native Americans occupied this land many years ago. According to information from the Council on Economic and Community Research here are the 10 states with the lowest cost of living in the United States in descending order starting with Indiana in tenth place. Because of that 74% of Indiana residents own their home which is the country's highest homeownership rate.

Lorene Batteiger
Lorene Batteiger

Unapologetic web scholar. Lifelong zombie ninja. Certified travel evangelist. General pizza aficionado. Devoted beer ninja. Unapologetic travel advocate.

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