A+
21%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
54%
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 Logansport Indiana National
Cost of living7990100
Goods & Services8894100
Groceries9998100
Health care9496100
Housing4672100
Transportation9195100
Utilities107107100

An Overview of Cost of Living in Logansport, IN

The cost of living in Logansport 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 Logansport is 79, which is 21% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

According to the latest cost of living report, Logansport stands out as one of the most budget-friendly places to reside in the nation. In fact, only a handful of cities boast a cost of living index that is at least 20% below the national average, and Logansport proudly belongs to that select group. This underscores the exceptional affordability of this region in comparison to other urban centers.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Logansport are 53.9% 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.

Everyday staples like clothes, toiletries and entertainment expenses play a big role in your total living costs. But in Logansport, these goods are 12% cheaper than the national average. So, you can enjoy what you need and love without emptying your wallet. Plus, you'll have more cash to put towards your savings or any other money goals you have, which is a real boost for your financial well-being.

Is Logansport Affordable?

Is Logansport 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 Logansport, the median home price is 63.8% lower than the national average and monthly rent prices are 30.7% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Logansport boasting a median household income of $38,053, 31.2% lower than the national average.

What Factors can Influence the Cost of Living in Logansport?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Logansport, healthcare costs are 6.1% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Logansport, the standard sales tax rate starts at 7%, and the income tax rates commence at 3.23%.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Where is the Data From?

The cost of living data in Logansport displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Logansport is 11% lower than the Indiana average
  • The cost of living in Logansport is 21% lower than the national average
  • Logansport housing is 54% 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 Logansport

See all the best places to live around Logansport

Compare Logansport, 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$47,478$3,957$1,108$1,424
      Renters$31,351$2,613$731$941
      A good indicator of the general affordability of housing in Logansport, 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 Logansport, the median monthly income is $47,478 for those who own their own homes. Under the standard rule, that income level would allow for $1,108 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,351, per the median income in the area. That would allow for renters to spend up to $731 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 Logansport National avg. Difference
      Haircut $22.11$24.268.9%
      Beauty Salon $28.08$45.5638.4%
      Toothpaste $3.62$3.702.2%
      Shampoo $1.27$1.281.1%
      Movie $9.50$12.1321.7%
      Bowling $15.50$18.0013.9%

      Groceries

      Item Logansport National avg. Difference
      Ground Beef $5.96$5.842.0%
      Fried Chicken $1.61$1.572.1%
      Milk $4.69$4.670.4%
      Potatoes $5.00$4.931.4%
      Pizza $13.99$12.0915.7%
      Beer $9.95$10.414.4%

      Health Care

      Item Logansport National avg. Difference
      Optometrist $138.00$125.689.8%
      Doctor $128.67$135.785.2%
      Dentist $96.11$113.2915.2%
      Ibuprofen $10.38$10.652.6%
      Lipitor $486.44$468.603.8%

      Housing

      Item Logansport National avg. Difference
      Home Price $66,800.00$184,700.0063.8%
      Avg. Mortgage Payment $1,547.29$2,346.6934.1%
      Apartment Rent $658.00$949.0030.7%

      Transportation

      Item Logansport National avg. Difference
      Gasoline $3.49$3.460.7%
      Tire Balancing $41.11$59.9231.4%

      Utilities

      Item Logansport National avg. Difference
      All Electricity $216.22$193.9911.5%
      Phone $189.67$192.251.3%
      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.
      Macy, IN1847624.5%
      Bunker Hill, IN6377822.0%
      Mexico, IN1,2837920.8%
      Onward, IN1717920.8%
      Fulton, IN2517920.8%
      Logansport, IN17,9687920.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Marco Island, FL17,96316262.3%
      Loyalist, ON17,983n/a 
      Burke Centre, VA17,95214646.2%
      Cutlerville, MI17,988928.1%
      Sycamore, IL17,990973.1%
      Logansport, IN17,9687920.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.