Apparently, This is the Most Affordable Place to Live in Indiana
Do you think you can guess which place in Indiana is the most affordable to live in the entire state?
It's not a secret that the cost of living is high, and going up. Inflation has caused so much to be more expensive than it has ever been in the past. It makes it hard to pay your bills, buy groceries, and fill up your gas tank when everything is getting more pricey, but your paycheck remains the same. We all have felt the sting of inflation and the prices you have to pay just to get by with the bare minimum necessities. It can be a struggle.
The website, 24/7 Wall Street recently found the most affordable county to live in each state. Here's how they found the most affordable place to live in each state:
Using data from the U.S. Department of Commerce, 24/7 Wall St. identified the least expensive county to live in in each state. Within each state, we ranked every county or county equivalent on estimated regional price parity — a measure of the cost of living relative to the national average. Supplemental data on median household income and median home value are five-year estimates from the U.S. Census Bureau’s 2022 American Community Survey. Due to recent changes in county distinctions, ACS data for Connecticut is current as of 2021.
So, when it comes to Indiana, what is the most affordable place to live in? Let's find out.
Apparently, This is the Most Affordable Place to Live in Indiana
According to 24/7 Wall Street, Washington County is the most affordable place to live in Indiana. Located in southern Indiana, Washington County is home to towns such as Bartle, Beck's Mill, Blue River, Bunker Hill, Canton, Claysville, Daisy Hill, Farrabee, Georgetown, Haleysburg, Harristown, Hitchcock, Kossuth, Martinsburg, McKinley, Mt. Carmel, New Liberty, New Philadelphia, Organ Spring, Plattsburg, Prowsville, Punkin Center, Rosebud, Rush Creek Valley, Smedley, South Boston, and Salem.
The data from 24/7 Wall Street shows the following for Washington County:
- Est. cost of living in county: 17.7% less expensive than US avg.
- Est. cost of living in state: 8.2% less expensive than US avg.
- Median household income: $60,695 ($67,173 statewide)
- Median home value: $158,200 ($183,600 statewide)
- Number of counties considered in state: 92
So, does this surprise you? Especially given that fact that Washinton County is so close to the major city of Louisville, Kentucky.
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