A+
16%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
47%
Housing NAT. AVG.
Search Homes for Sale
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 Huntington Indiana National
Cost of living8490100
Goods & Services9694100
Groceries10198100
Health care9696100
Housing5372100
Transportation9895100
Utilities102107100

An Overview of Cost of Living in Huntington, IN

Are you thinking about relocating, but curious about the potential cost of living in Huntington? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Huntington stands at 84, making it 16% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Huntington are 47.5% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Is Huntington Affordable?

Is Huntington affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Huntington, for instance, where the median home price falls 55.9% lower than the national average, and monthly rent rates are 27.9% lower than usual. Additionally, median income levels contribute to the equation, with Huntington flaunting a median household income of $42,744, 22.7% lower than the national norm.

What Factors can Influence the Cost of Living in Huntington?

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Huntington, the utilities index stands at 1.5% higher than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Huntington, the groceries index is 0.8% higher than the national average.

Where is the Data From?

The Huntington 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.

New Real Estate Listings in Huntington Area
Search Homes for Sale in Huntington, IN

Cost Of Living Quick Facts

  • The cost of living in Huntington is 6% lower than the Indiana average
  • The cost of living in Huntington is 16% lower than the national average
  • Huntington housing is 47% 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 Huntington

See all the best places to live around Huntington

Compare Huntington, IN Cost of Living

      vs
      How would you rate the cost of living in Huntington?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Huntington?
      Write a review to give others more information about this area.
      See all Huntington poll results

      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$50,175$4,181$1,171$1,505
      Renters$29,436$2,453$687$883
      A good way to judge both the affordability of the housing and the cost of living in Huntington is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Huntington has a median income of about $50,175 for people who own homes. Based on that number, a maximum of $1,171 should be spent on expenses related to housing. Renters have a slightly different median income, which is $29,436. Based on this average, renters should spend no more than $687 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Huntington National avg. Difference
      Haircut $26.22$24.268.1%
      Beauty Salon $33.78$45.5625.9%
      Toothpaste $3.63$3.702.0%
      Shampoo $1.32$1.283.3%
      Movie $12.75$12.135.1%
      Bowling $16.72$18.007.1%

      Groceries

      Item Huntington National avg. Difference
      Ground Beef $6.10$5.844.4%
      Fried Chicken $1.64$1.574.1%
      Milk $4.74$4.671.5%
      Potatoes $5.08$4.933.0%
      Pizza $12.79$12.095.8%
      Beer $10.06$10.413.3%

      Health Care

      Item Huntington National avg. Difference
      Optometrist $104.30$125.6817.0%
      Doctor $119.61$135.7811.9%
      Dentist $110.00$113.292.9%
      Ibuprofen $10.59$10.650.6%
      Lipitor $528.19$468.6012.7%

      Housing

      Item Huntington National avg. Difference
      Home Price $81,500.00$184,700.0055.9%
      Avg. Mortgage Payment $1,635.69$2,346.6930.3%
      Apartment Rent $684.00$949.0027.9%

      Transportation

      Item Huntington National avg. Difference
      Gasoline $3.35$3.463.2%
      Tire Balancing $59.65$59.920.5%

      Utilities

      Item Huntington National avg. Difference
      All Electricity $197.87$193.992.0%
      Phone $192.69$192.250.2%
      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.
      Mount Etna, IN1328019.9%
      Lagro, IN4227921.2%
      La Fontaine, IN1,1137920.8%
      Andrews, IN1,1748217.6%
      South Whitley, IN1,5128515.3%
      Huntington, IN17,0838415.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      La Vista, NE17,081973.4%
      South Ogden, UT17,0801054.9%
      Calhoun, GA17,0889010.2%
      Vincennes, IN17,0918514.6%
      Camano, WA17,07313837.9%
      Huntington, IN17,0838415.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.