A+
8%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
22%
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 Yorktown Indiana National
Cost of living9290100
Goods & Services9694100
Groceries9698100
Health care9696100
Housing7872100
Transportation9595100
Utilities113107100

An Overview of Cost of Living in Yorktown, IN

The cost of living in Yorktown 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 Yorktown 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 Yorktown 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 Yorktown 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 Yorktown Affordable?

Is Yorktown an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Yorktown is 22.2% lower than the national average, while the average monthly rent prices are 20.4% lower than average. The affordability of any location can also be influenced by median income levels. Yorktown has a median household income of $66,875, which is 20.9% higher than the national average.

What Factors can Influence the Cost of Living in Yorktown?

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Yorktown, the transportation index is 5% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Yorktown, the groceries index registers 4% 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 Yorktown, the housing index stands at 21.7% lower than the national average.

Where is the Data From?

The Yorktown 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.

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

Cost Of Living Quick Facts

  • The cost of living in Yorktown is 3% higher than the Indiana average
  • The cost of living in Yorktown is 8% lower than the national average
  • Yorktown housing is 22% 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 Yorktown

See all the best places to live around Yorktown

Compare Yorktown, IN Cost of Living

      vs
      How would you rate the cost of living in Yorktown?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Yorktown?
      Write a review to give others more information about this area.
      See all Yorktown 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$69,913$5,826$1,631$2,098
      Renters$25,847$2,154$603$775
      A good indicator of the general affordability of housing in Yorktown, 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 Yorktown, the median monthly income is $69,913 for those who own their own homes. Under the standard rule, that income level would allow for $1,631 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,847, per the median income in the area. That would allow for renters to spend up to $603 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 Yorktown National avg. Difference
      Haircut $16.50$24.2632.0%
      Beauty Salon $30.94$45.5632.1%
      Toothpaste $3.69$3.700.4%
      Shampoo $1.30$1.281.1%
      Movie $11.69$12.133.6%
      Bowling $11.24$18.0037.6%

      Groceries

      Item Yorktown National avg. Difference
      Ground Beef $5.74$5.841.8%
      Fried Chicken $1.39$1.5711.7%
      Milk $4.59$4.671.8%
      Potatoes $4.88$4.931.0%
      Pizza $12.18$12.090.8%
      Beer $9.64$10.417.4%

      Health Care

      Item Yorktown National avg. Difference
      Optometrist $138.77$125.6810.4%
      Doctor $101.43$135.7825.3%
      Dentist $122.83$113.298.4%
      Ibuprofen $10.19$10.654.3%
      Lipitor $475.45$468.601.5%

      Housing

      Item Yorktown National avg. Difference
      Home Price $143,700.00$184,700.0022.2%
      Avg. Mortgage Payment $1,324.56$2,346.6943.6%
      Apartment Rent $755.00$949.0020.4%

      Transportation

      Item Yorktown National avg. Difference
      Gasoline $3.51$3.461.4%
      Tire Balancing $47.59$59.9220.6%

      Utilities

      Item Yorktown National avg. Difference
      All Electricity $236.28$193.9921.8%
      Phone $189.86$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.
      Blountsville, IN837822.2%
      Orestes, IN5088217.9%
      Eaton, IN1,9598217.6%
      Gaston, IN8608317.5%
      Mooreland, IN3388317.4%
      Yorktown, IN11,128927.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      South Dundas, ON11,130n/a 
      Carignan, QC11,123n/a 
      Pebble Creek, FL11,13511514.6%
      Lake Morton-Berrydale, WA11,11814443.7%
      Sechelt, BC11,114n/a 
      Yorktown, IN11,128927.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.