Cost of Living in McCordsville, IN

B+
3%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
17%
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 McCordsville Indiana National
Cost of living10390100
Goods & Services9694100
Groceries10098100
Health care8996100
Housing11772100
Transportation9695100
Utilities104107100
New Real Estate Listings in McCordsville Area
Search
Search Homes for Sale in McCordsville, IN
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in McCordsville is 15% higher than the Indiana average
  • The cost of living in McCordsville is 3% higher than the national average
  • McCordsville housing is 17% 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

Most Affordable Places to Live in and Around McCordsville

30 km
20 mi
+−
See all the best places to live around McCordsville

Compare McCordsville, IN Cost of Living

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

      The best places in Indiana

      Here are the best places to live in IndianaMost Dangerous Cities In The USSafest States In The USThese are the largest cities in Indiana

      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$98,466$8,206$2,297$2,954
          Renters$61,198$5,100$1,428$1,836
          The affordability of the housing market in McCordsville, IN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among McCordsville homeowners, the median income is $98,466. This indicates that a monthly maximum of $2,297 should be spent by homeowners on all housing related costs. Renters have a median income of $61,198. This indicates that renters would have a maximum of $1,428 for their rent related monthly 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 McCordsville National avg. Difference
          Haircut $19.53$24.2619.5%
          Beauty Salon $39.03$45.5614.3%
          Toothpaste $3.67$3.700.9%
          Shampoo $1.33$1.284.1%
          Movie $10.91$12.1310.1%
          Bowling $18.70$18.003.9%

          Groceries

          Item McCordsville National avg. Difference
          Ground Beef $5.91$5.841.3%
          Fried Chicken $1.61$1.572.4%
          Milk $4.73$4.671.3%
          Potatoes $5.07$4.932.7%
          Pizza $12.39$12.092.5%
          Beer $10.30$10.411.1%

          Health Care

          Item McCordsville National avg. Difference
          Optometrist $73.37$125.6841.6%
          Doctor $99.19$135.7826.9%
          Dentist $109.26$113.293.6%
          Ibuprofen $10.70$10.650.4%
          Lipitor $509.36$468.608.7%

          Housing

          Item McCordsville National avg. Difference
          Home Price $242,900.00$184,700.0031.5%
          Avg. Mortgage Payment $1,794.91$2,346.6923.5%
          Apartment Rent $796.00$949.0016.1%

          Transportation

          Item McCordsville National avg. Difference
          Gasoline $3.39$3.462.2%
          Tire Balancing $54.63$59.928.8%

          Utilities

          Item McCordsville National avg. Difference
          All Electricity $207.03$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.
          Anderson, IN54,4768515.0%
          Spring Lake, IN2538811.7%
          Beech Grove, IN15,1488811.6%
          Ingalls, IN2,4949010.0%
          Lapel, IN2,379918.9%
          McCordsville, IN7,2371033.3%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Quincy, FL7,2378218.0%
          Glenside, PA7,23711716.5%
          Devon, AB7,236n/a 
          South Apopka, FL7,234972.7%
          Kenora, Unorganized, ON7,241n/a 
          McCordsville, IN7,2371033.3%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
          General
          For Professionals
          Follow Us
          AV on Twitter AV on Facebook
          © AreaVibes Inc. 2010-2025