What is the cost of living in Cedar Lake, IN?
According to the most recent data on the cost of living, Cedar Lake has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Indiana, Cedar Lake has a cost of living index that's 1.1x higher than Indiana's index of 90.
The standard of living in Cedar Lake ranks as #107 most affordable out of the 129 places we measured in Indiana. By definition, that implies Cedar Lake ranks as the #22 most expensive place in the Hoosier State.
For more reading on life in Cedar Lake, check out:
Cedar Lake Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Cedar Lake. Here is how it fares on each of the criteria:
The Services index in Cedar Lake is 97.
The Groceries index in Cedar Lake is 99.
The Health index in Cedar Lake is 102.
The Housing index in Cedar Lake is 97.
The Transportation index in Cedar Lake is 94.
The Utilities index in Cedar Lake is 96.
| Living Expense | Cedar Lake | Indiana | National Average |
|---|---|---|---|
| Overall | 98 | 90 | 100 |
| Services | 97 | 97 | 100 |
| Groceries | 99 | 95 | 100 |
| Health | 102 | 72 | 100 |
| Housing | 97 | 98 | 100 |
| Transportation | 94 | 94 | 100 |
| Utilities | 96 | 96 | 100 |
Cedar Lake 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 Cedar Lake Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Cedar Lake, 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 Cedar Lake is $328,155.
The Median Rent in Cedar Lake is $1,350.
The Median Income in Cedar Lake is $83,381.
The Home Value To Income in Cedar Lake is 3.9x.
The Rent To Monthly Income in Cedar Lake is 0.19x.
| Statistic | Cedar Lake | Indiana | United States |
|---|---|---|---|
| Median Home Value | $328,155 | $254,121 | $332,700 |
| Median Rent | $1,350 | $1,062 | $1,413 |
| Median Income | $83,381 | $71,957 | $80,734 |
| Home Value To Income | 3.9x | 3.5x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Cedar Lake, IN Costs By Category
Detailed Cedar Lake Services costs vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Shampoo | $1.46 | $1.28 |
| Movie | $8.75 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $23.56 | $24.26 |
| Beauty Salon | $42.28 | $45.56 |
Detailed Cedar Lake Groceries costs vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Ground Beef | $6.31 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $13.8 | $12.09 |
| Beer | $10.43 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Cedar Lake Health costs vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Optometrist | $93.66 | $125.68 |
| Doctor | $120.22 | $135.78 |
| Dentist | $113.44 | $113.29 |
Detailed Cedar Lake Transportation costs vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| Gasoline | $3.17 | $3.46 |
| Tire Balancing | $61.36 | $59.92 |
Detailed Cedar Lake Utilities costs vs. Indiana
| Item | Cedar Lake | Indiana |
|---|---|---|
| All Electricity | $157.45 | $193.99 |
| Phone | $197.49 | $192.25 |
Cedar Lake SnackAbility
Cost Of Living In Cities Around Cedar Lake
The cost of living varies in the cities and towns around Cedar Lake. Here's a quick look at the cost of living in the most populous nearby places:
Merrillville, IN has a cost of living index of 92, 0.9x Cedar Lake.
Crown Point, IN has a cost of living index of 103, 1.1x Cedar Lake.
Schererville, IN has a cost of living index of 103, 1.1x Cedar Lake.
| City | Population | Cost Of Living | Vs. Cedar Lake |
|---|---|---|---|
| Merrillville, IN | 36,476 | 92 | 0.9x |
| Crown Point, IN | 34,393 | 103 | 1.1x |
| Schererville, IN | 29,701 | 103 | 1.1x |
| Lansing, IL | 28,284 | 93 | 0.9x |
| St. John, IN | 22,567 | 110 | 1.1x |
| South Holland, IL | 20,911 | 102 | 1.0x |
| Homewood, IL | 19,294 | 100 | 1.0x |
| Matteson, IL | 18,645 | 102 | 1.0x |
| Dyer, IN | 16,400 | 107 | 1.1x |
| Hazel Crest, IL | 13,792 | 95 | 1.0x |
