What is the cost of living in Anderson, IN?
According to the most recent data on the cost of living, Anderson has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Indiana, Anderson has a cost of living index that's 0.9x lower than Indiana's index of 90.
The standard of living in Anderson ranks as #12 most affordable out of the 129 places we measured in Indiana. By definition, that implies Anderson ranks as the #117 most expensive place in the Hoosier State.
For more reading on life in Anderson, check out:
Anderson Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Anderson. Here is how it fares on each of the criteria:
The Services index in Anderson is 99.
The Groceries index in Anderson is 95.
The Health index in Anderson is 56.
The Housing index in Anderson is 92.
The Transportation index in Anderson is 92.
The Utilities index in Anderson is 95.
| Living Expense | Anderson | Indiana | National Average |
|---|---|---|---|
| Overall | 82 | 90 | 100 |
| Services | 99 | 97 | 100 |
| Groceries | 95 | 95 | 100 |
| Health | 56 | 72 | 100 |
| Housing | 92 | 98 | 100 |
| Transportation | 92 | 94 | 100 |
| Utilities | 95 | 96 | 100 |
Anderson Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Anderson Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Anderson, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Anderson is $135,173.
The Median Rent in Anderson is $925.
The Median Income in Anderson is $46,909.
The Home Value To Income in Anderson is 2.9x.
The Rent To Monthly Income in Anderson is 0.24x.
Anderson, IN Costs By Category
Detailed Anderson Services costs vs. Indiana
Detailed Anderson Groceries costs vs. Indiana
Detailed Anderson Health costs vs. Indiana
Detailed Anderson Transportation costs vs. Indiana
Anderson SnackAbility
Cost Of Living In Cities Around Anderson
The cost of living varies in the cities and towns around Anderson. Here's a quick look at the cost of living in the most populous nearby places:
Noblesville, IN has a cost of living index of 103, 1.3x Anderson.
Muncie, IN has a cost of living index of 80, 1.0x Anderson.
Middletown, KY has a cost of living index of 108, 1.3x Anderson.
| City | Population | Cost Of Living | Vs. Anderson |
|---|---|---|---|
| Noblesville, IN | 73,362 | 103 | 1.3x |
| Muncie, IN | 64,751 | 80 | 1.0x |
| Middletown, KY | 9,763 | 108 | 1.3x |
| Elwood, IN | 8,356 | 82 | 1.0x |
| Pendleton, IN | 5,321 | 96 | 1.2x |
