New Haven, IN, offers a lower cost of living compared to the nationwide average. The cost of living index for New Haven stands at 92, which means residents spend about 8% less than the average American. This lower cost affects major expenses like housing and utilities, making it an attractive option for many.
New Haven’s cost of living index reflects a more affordable lifestyle. Housing costs 13% below the national average, while utilities cost 10% less. Groceries, healthcare, and transportation also remain slightly under the average. These savings can add up, providing a more comfortable financial situation for those living in New Haven.
New Haven, Indiana has a cost of living index that offers an attractive alternative to the nationwide average. With a comprehensive cost of living index of 92, New Haven presents lower expenses in several key areas. For example, the housing index in New Haven stands at 87, which is 13% below the national average of 100. This makes housing more affordable for those looking to relocate or purchase a home in this city.
In addition to lower housing costs, the groceries index in New Haven is 95, reflecting a modest 5% savings compared to the national average. Utilities are also cheaper, with an index of 90, offering a 10% reduction. Transportation costs remain close to the average, at 98, indicating minimal change from the national standard. Healthcare and miscellaneous expenses also show slight reductions, with indexes of 92 and 93, respectively. These figures make New Haven an appealing option for those seeking a lower cost of living while maintaining access to essential services.
