New Haven, IN, offers a cost of living that is slightly lower than the nationwide average. The overall cost of living index for New Haven is 89, which is 11% below the national average of 100. This makes New Haven an attractive option for those seeking more affordable living expenses.
Specifically, housing costs are 15% lower, while groceries and utilities are just slightly below the national average. Transportation, healthcare, and miscellaneous costs also remain competitive, making New Haven a practical choice for budget-conscious individuals.
New Haven, Indiana, presents a cost of living that is notably lower than the nationwide average. The overall cost of living index for New Haven stands at 89, which is 11% below the average of 100. This lower index suggests that residents can expect to spend less on their daily expenses compared to the national average. Housing costs in New Haven are 15% below the average, with an index of 85. This makes housing one of the more affordable categories in the city.
In addition to housing, groceries in New Haven are priced at 92, which is 8% below the national average. Utilities, which include electricity, gas, and water, are also slightly lower, with an index of 95, just 5% below the average. Transportation costs, including fuel and public transit, are at 90, which is 10% below the average. Healthcare costs, while still affordable, are at 88, which is 12% below the average. Miscellaneous expenses, such as entertainment and personal care, are at 87, which is 13% below the average. These figures indicate that New Haven offers a more budget-friendly living environment in several key areas.
