A
4%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
20%
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 Noblesville Indiana National
Cost of living10490100
Goods & Services9694100
Groceries10098100
Health care8996100
Housing12072100
Transportation9695100
Utilities104107100

An Overview of Cost of Living in Noblesville, IN

Are you thinking about relocating, but curious about the potential cost of living in Noblesville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Noblesville stands at 104, making it 4% higher 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.

In Noblesville, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Noblesville will resemble that of an average city, contributing to a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Noblesville, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 20.1% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Noblesville Affordable?

Is Noblesville 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 Noblesville, for instance, where the median home price falls 24.6% higher than the national average, and monthly rent rates are 9.7% higher than usual. Additionally, median income levels contribute to the equation, with Noblesville flaunting a median household income of $85,314, 54.2% higher than the national norm.

What Factors can Influence the Cost of Living in Noblesville?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Noblesville, the transportation index stands at 4.1% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Noblesville, the housing index stands at 20.1% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Noblesville, the groceries index is 0.1% higher than the national average.

Where is the Data From?

The Noblesville cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Noblesville is 16% higher than the Indiana average
  • The cost of living in Noblesville is 4% higher than the national average
  • Noblesville housing is 20% 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 Noblesville

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Compare Noblesville, 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$102,891$8,574$2,401$3,087
      Renters$45,427$3,786$1,060$1,363
      A good indicator of the general affordability of housing in Noblesville, 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 Noblesville, the median monthly income is $102,891 for those who own their own homes. Under the standard rule, that income level would allow for $2,401 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,427, per the median income in the area. That would allow for renters to spend up to $1,060 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 Noblesville 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 Noblesville 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 Noblesville 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 Noblesville National avg. Difference
      Home Price $230,100.00$184,700.0024.6%
      Avg. Mortgage Payment $1,794.91$2,346.6923.5%
      Apartment Rent $1,041.00$949.009.7%

      Transportation

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

      Utilities

      Item Noblesville 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.
      Frankton, IN2,1078514.7%
      Atlanta, IN8598514.7%
      Arcadia, IN1,5308614.3%
      Ingalls, IN2,4949010.0%
      Sheridan, IN3,4548812.4%
      Noblesville, IN64,4301044.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Janesville, WI64,415918.9%
      Castro Valley, CA64,39219594.9%
      Eden Prairie, MN64,48112423.7%
      Port Charlotte, FL64,3351022.0%
      Tulare, CA64,54611716.7%
      Noblesville, IN64,4301044.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.