Boonville, IN Cost Of Living
Cost Of Living In Boonville, IN Summary
Cost of living in Boonville 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 Boonville 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 Boonville is 84, with 100 being the average.
The cost of living index in Boonville is 0.8x lower than the national average.
Boonville ranks as the #31 cheapest in Indiana out of 124.
Boonville ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Boonville is $112,200.
The median income in Boonville is $54,174.
Table Of Contents
Boonville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Boonville, IN?
According to the most recent data on the cost of living, Boonville has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Indiana, Boonville has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Boonville ranks as #31 most affordable out of the 124 places we measured in Indiana. By definition, that implies Boonville ranks as the #93 most expensive place in the Hoosier State.
For more reading on life in Boonville, check out:
- Living In Boonville
- Boonville Crime Report
- Search Homes For Sale In Boonville, IN
In Indiana
In America
Boonville Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Boonville. Here is how it fairs on each of the criteria:
The Services index in Boonville is 92.
The Groceries index in Boonville is 94.
The Health index in Boonville is 92.
The Housing index in Boonville is 51.
The Transportation index in Boonville is 97.
The Utilities index in Boonville is 112.
| Living Expense | Boonville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 84 | 91 | 100 | |
| Services | 92 | 94 | 100 | |
| Groceries | 94 | 96 | 100 | |
| Health | 92 | 101 | 100 | |
| Housing | 51 | 77 | 100 | |
| Transportation | 97 | 95 | 100 | |
| Utilities | 112 | 106 | 100 | |
Boonville, 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 2017-2021. The key points are:
The Median Home Value in Boonville is $112,200.
The Median Rent in Boonville is $775.
The Median Income in Boonville is $54,174.
The Home Value To Income in Boonville is 2.1x.
The Rent To Monthly Income in Boonville is 0.17x.
| Statistic | Boonville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $112,200 | $158,500 | $244,900 |
| Median Rent | $775 | $891 | $1,163 |
| Median Income | $54,174 | $61,944 | $69,021 |
| Home Value To Income | 2.1x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Boonville, IN Costs By Category
Detailed Boonville Services Costs Vs. Indiana
Detailed Boonville Groceries Costs Vs. Indiana
Detailed Boonville Health Costs Vs. Indiana
Detailed Boonville Transportation Costs Vs. Indiana
Detailed Boonville Utilities Costs Vs. Indiana
Boonville SnackAbility
/10
Cost Of Living In Cities Around Boonville
The cost of living varies in the cities and towns around Boonville. Here's a quick look at the cost of living in the most populous nearby places:
Owensboro, KY has a cost of living index of 88, 1.0x Boonville.
Henderson, KY has a cost of living index of 85, 1.0x Boonville.
Vincennes, IN has a cost of living index of 85, 1.0x Boonville.
| City | Population | Cost Of Living | Vs. Boonville |
|---|---|---|---|
| Owensboro, KY | 59,839 | 88 | 1.0x |
| Henderson, KY | 28,201 | 85 | 1.0x |
| Vincennes, IN | 16,892 | 85 | 1.0x |
| Jasper, IN | 16,231 | 91 | 1.1x |
| Washington, IN | 12,015 | 84 | 1.0x |
| Mount Carmel, IL | 6,937 | 84 | 1.0x |
| Mount Vernon, IN | 6,861 | 86 | 1.0x |
| Huntingburg, IN | 6,534 | 84 | 1.0x |
