The cost of living index in New Haven, IN, reveals that residents generally enjoy lower expenses compared to the nationwide average. Housing costs are about 10% lower, with an index of 90, while groceries and utilities slightly undercut the average by 5% and 2%, respectively. New Haven’s cost of living index in healthcare is also 7% below the national standard, with transportation costs being 15% less expensive. However, miscellaneous costs match the national average at 100.
New Haven, IN, shows a cost of living index that is slightly below the nationwide average. Housing in New Haven costs 10% less than the national average, providing a more affordable living option for those moving here. Prices for groceries are also relatively lower, at 5% less than the average. This means residents can save some money when buying daily essentials.
Utilities in New Haven are nearly on par with the national average, at only 2% below. Transportation costs are 15% lower, which can save money for those who need to commute. Healthcare expenses are slightly lower, at 7% less than average. Miscellaneous expenses, such as entertainment and personal care, match the nationwide average exactly. These factors combined mean that New Haven offers a cost of living that is generally lower than the national average, making it a potentially attractive place for those looking to manage their expenses more effectively.
