A+
8%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
24%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Clarksville Indiana National
Cost of living9290100
Goods & Services9994100
Groceries10198100
Health care9596100
Housing7672100
Transportation9695100
Utilities104107100

An Overview of Cost of Living in Clarksville, IN

The cost of living in Clarksville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Clarksville is 92, which is 8% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Clarksville closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Clarksville can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Clarksville Affordable?

Is Clarksville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Clarksville, the median home price is 30.4% lower than the national average and monthly rent prices are 10.1% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Clarksville boasting a median household income of $46,931, 15.2% lower than the national average.

What Factors can Influence the Cost of Living in Clarksville?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Clarksville, the utilities index registers at 3.8% higher than the national average.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Clarksville, the housing index comes in at 24.3% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The Clarksville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Clarksville is 3% higher than the Indiana average
  • The cost of living in Clarksville is 8% lower than the national average
  • Clarksville housing is 24% 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

Most Affordable Places to Live in and Around Clarksville

See all the best places to live around Clarksville

Compare Clarksville, IN Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$54,784$4,565$1,278$1,644
      Renters$36,033$3,003$841$1,081
      To approximate the cost of living and the housing affordability in Clarksville, IN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Clarksville have a median income of $54,784. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,278 per month to avoid calamity and poverty. The renters in the city have an income of about $36,033, which would make their monthly maximum allowable rental costs $841.

      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 Clarksville National avg. Difference
      Haircut $26.42$24.268.9%
      Beauty Salon $47.57$45.564.4%
      Toothpaste $3.55$3.704.0%
      Shampoo $1.36$1.286.5%
      Movie $11.48$12.135.4%
      Bowling $16.61$18.007.7%

      Groceries

      Item Clarksville National avg. Difference
      Ground Beef $5.88$5.840.8%
      Fried Chicken $1.74$1.5710.8%
      Milk $4.78$4.672.4%
      Potatoes $5.01$4.931.6%
      Pizza $12.45$12.093.0%
      Beer $10.53$10.411.1%

      Health Care

      Item Clarksville National avg. Difference
      Optometrist $173.41$125.6838.0%
      Doctor $108.22$135.7820.3%
      Dentist $104.94$113.297.4%
      Ibuprofen $10.84$10.651.8%
      Lipitor $483.43$468.603.2%

      Housing

      Item Clarksville National avg. Difference
      Home Price $128,600.00$184,700.0030.4%
      Avg. Mortgage Payment $2,453.08$2,346.694.5%
      Apartment Rent $853.00$949.0010.1%

      Transportation

      Item Clarksville National avg. Difference
      Gasoline $3.56$3.462.9%
      Tire Balancing $47.16$59.9221.3%

      Utilities

      Item Clarksville National avg. Difference
      All Electricity $206.98$193.996.7%
      Phone $190.02$192.251.2%
      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.
      South Park View, KY4990.6%
      New Pekin, IN1,1498614.2%
      Watterson Park, KY9698911.0%
      West Buechel, KY2,0468910.8%
      Shively, KY15,7238910.8%
      Clarksville, IN21,825927.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Camp Springs, MD21,82912929.4%
      Hazel Dell, WA21,83012323.3%
      Kings, Subd. A, NS21,831n/a 
      Brent, FL21,8168614.4%
      Shelbyville, TN21,841909.7%
      Clarksville, IN21,825927.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.