Beech Grove, IN Cost Of Living
Cost Of Living In Beech Grove, IN Summary
Cost of living in Beech Grove research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beech Grove is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beech Grove is 87, with 100 being the average.
The cost of living index in Beech Grove is 0.9x lower than the national average.
Beech Grove ranks as the #39 cheapest in Indiana out of 128.
Beech Grove ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Beech Grove is $192,268.
The median income in Beech Grove is $49,452.
Table Of Contents
Beech Grove's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Beech Grove, IN?
According to the most recent data on the cost of living, Beech Grove has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Beech Grove has a cost of living index that's 0.9x lower than Indiana's index of 92.
The standard of living in Beech Grove ranks as #39 most affordable out of the 128 places we measured in Indiana. By definition, that implies Beech Grove ranks as the #89 most expensive place in the Hoosier State.
For more reading on life in Beech Grove, check out:
In Indiana
In America
Beech Grove Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Beech Grove. Here is how it fairs on each of the criteria:
The Services index in Beech Grove is 96.
The Groceries index in Beech Grove is 98.
The Health index in Beech Grove is 91.
The Housing index in Beech Grove is 66.
The Transportation index in Beech Grove is 97.
The Utilities index in Beech Grove is 104.
| Living Expense | Beech Grove | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 96 | 95 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 91 | 94 | 100 | |
| Housing | 66 | 73 | 100 | |
| Transportation | 97 | 94 | 100 | |
| Utilities | 104 | 107 | 100 | |
Beech Grove, 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 2019-2023. The key points are:
The Median Home Value in Beech Grove is $192,268.
The Median Rent in Beech Grove is $978.
The Median Income in Beech Grove is $49,452.
The Home Value To Income in Beech Grove is 3.9x.
The Rent To Monthly Income in Beech Grove is 0.24x.
| Statistic | Beech Grove | Indiana | United States |
|---|---|---|---|
| Median Home Value | $192,268 | $251,301 | $303,400 |
| Median Rent | $978 | $1,020 | $1,348 |
| Median Income | $49,452 | $70,051 | $78,538 |
| Home Value To Income | 3.9x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Beech Grove, IN Costs By Category
Detailed Beech Grove Services Costs Vs. Indiana
| Item | Beech Grove | Indiana |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $10.91 | $12.13 |
| Bowling | $18.7 | $18 |
| Haircut | $19.53 | $24.26 |
| Beauty Salon | $39.03 | $45.56 |
Detailed Beech Grove Groceries Costs Vs. Indiana
| Item | Beech Grove | Indiana |
|---|---|---|
| Ground Beef | $5.91 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.07 | $4.93 |
| Pizza | $12.39 | $12.09 |
| Beer | $10.3 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Beech Grove Health Costs Vs. Indiana
| Item | Beech Grove | Indiana |
|---|---|---|
| Optometrist | $73.37 | $125.68 |
| Doctor | $99.19 | $135.78 |
| Dentist | $109.26 | $113.29 |
Detailed Beech Grove Transportation Costs Vs. Indiana
| Item | Beech Grove | Indiana |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $54.63 | $59.92 |
Detailed Beech Grove Utilities Costs Vs. Indiana
| Item | Beech Grove | Indiana |
|---|---|---|
| All Electricity | $207.03 | $193.99 |
| Phone | $190.02 | $192.25 |
Beech Grove SnackAbility
/10
Cost Of Living In Cities Around Beech Grove
The cost of living varies in the cities and towns around Beech Grove. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 94, 1.1x Beech Grove.
Carmel, IN has a cost of living index of 119, 1.4x Beech Grove.
Greenwood, IN has a cost of living index of 99, 1.1x Beech Grove.
| City | Population | Cost Of Living | Vs. Beech Grove |
|---|---|---|---|
| Indianapolis, IN | 882,043 | 94 | 1.1x |
| Carmel, IN | 100,501 | 119 | 1.4x |
| Greenwood, IN | 64,237 | 99 | 1.1x |
| Lawrence, IN | 49,284 | 96 | 1.1x |
| Brownsburg, IN | 30,310 | 101 | 1.2x |
| Greenfield, IN | 24,308 | 95 | 1.1x |
| Speedway, IN | 13,622 | 90 | 1.0x |
| Bargersville, IN | 10,163 | 106 | 1.2x |
| Mooresville, IN | 9,608 | 91 | 1.0x |
| Cumberland, IN | 6,154 | 96 | 1.1x |
