Charlestown, IN Cost Of Living
Cost Of Living In Charlestown, IN Summary
Cost of living in Charlestown 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 Charlestown 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 Charlestown is 89, with 100 being the average.
The cost of living index in Charlestown is 0.9x lower than the national average.
Charlestown ranks as the #68 cheapest in Indiana out of 124.
Charlestown ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Charlestown is $142,900.
The median income in Charlestown is $58,987.
Table Of Contents
Charlestown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Charlestown, IN?
According to the most recent data on the cost of living, Charlestown has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Indiana, Charlestown has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Charlestown ranks as #68 most affordable out of the 124 places we measured in Indiana. By definition, that implies Charlestown ranks as the #56 most expensive place in the Hoosier State.
For more reading on life in Charlestown, check out:
- Living In Charlestown
- Charlestown Crime Report
- Search Homes For Sale In Charlestown, IN
In Indiana
In America
Charlestown Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Charlestown. Here is how it fairs on each of the criteria:
The Services index in Charlestown is 106.
The Groceries index in Charlestown is 91.
The Health index in Charlestown is 95.
The Housing index in Charlestown is 61.
The Transportation index in Charlestown is 104.
The Utilities index in Charlestown is 97.
| Living Expense | Charlestown | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 89 | 91 | 100 | |
| Services | 106 | 94 | 100 | |
| Groceries | 91 | 96 | 100 | |
| Health | 95 | 101 | 100 | |
| Housing | 61 | 77 | 100 | |
| Transportation | 104 | 95 | 100 | |
| Utilities | 97 | 106 | 100 | |
Charlestown, 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 Charlestown is $142,900.
The Median Rent in Charlestown is $773.
The Median Income in Charlestown is $58,987.
The Home Value To Income in Charlestown is 2.4x.
The Rent To Monthly Income in Charlestown is 0.16x.
| Statistic | Charlestown | Indiana | United States |
|---|---|---|---|
| Median Home Value | $142,900 | $158,500 | $244,900 |
| Median Rent | $773 | $891 | $1,163 |
| Median Income | $58,987 | $61,944 | $69,021 |
| Home Value To Income | 2.4x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Charlestown, IN Costs By Category
Detailed Charlestown Services Costs Vs. Indiana
| Item | Charlestown | Indiana |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $12.1 | $10.68 |
| Bowling | $18.55 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $49.58 | $39.05 |
Detailed Charlestown Groceries Costs Vs. Indiana
| Item | Charlestown | Indiana |
|---|---|---|
| Ground Beef | $3.91 | $4.22 |
| Fried Chicken | $1.09 | $1.39 |
| Milk | $1.15 | $2.05 |
| Potatoes | $2.99 | $3.29 |
| Pizza | $10.33 | $10.62 |
| Beer | $8.99 | $9.38 |
| Toothpaste | $2.56 | $2.34 |
Detailed Charlestown Health Costs Vs. Indiana
| Item | Charlestown | Indiana |
|---|---|---|
| Optometrist | $71.56 | $108.57 |
| Doctor | $133.98 | $116.17 |
| Dentist | $82.89 | $99.13 |
Detailed Charlestown Transportation Costs Vs. Indiana
| Item | Charlestown | Indiana |
|---|---|---|
| Gasoline | $2.28 | $2.22 |
| Tire Balancing | $51.83 | $50.07 |
Detailed Charlestown Utilities Costs Vs. Indiana
| Item | Charlestown | Indiana |
|---|---|---|
| All Electricity | $157.62 | $167.67 |
| Phone | $180.81 | $175.64 |
Charlestown SnackAbility
/10
Cost Of Living In Cities Around Charlestown
The cost of living varies in the cities and towns around Charlestown. Here's a quick look at the cost of living in the most populous nearby places:
Jeffersonville, IN has a cost of living index of 92, 1.0x Charlestown.
Jeffersontown, KY has a cost of living index of 98, 1.1x Charlestown.
Clarksville, IN has a cost of living index of 91, 1.0x Charlestown.
| City | Population | Cost Of Living | Vs. Charlestown |
|---|---|---|---|
| Jeffersonville, IN | 49,178 | 92 | 1.0x |
| Jeffersontown, KY | 28,800 | 98 | 1.1x |
| Clarksville, IN | 22,169 | 91 | 1.0x |
| St. Matthews, KY | 17,588 | 100 | 1.1x |
| Sellersburg, IN | 9,686 | 96 | 1.1x |
| Middletown, KY | 9,473 | 103 | 1.2x |
| Crestwood, KY | 6,046 | 108 | 1.2x |
| Douglass Hills, KY | 5,480 | 107 | 1.2x |
| Buckner, KY | 5,435 | 120 | 1.3x |
