Chesterton, IN Cost Of Living
Cost Of Living In Chesterton, IN Summary
Cost of living in Chesterton 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 Chesterton 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 Chesterton is 107, with 100 being the average.
The cost of living index in Chesterton is 1.1x higher than the national average.
Chesterton ranks as the #119 cheapest in Indiana out of 128.
Chesterton ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Chesterton is $337,945.
The median income in Chesterton is $88,536.
Table Of Contents
Chesterton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chesterton, IN?
According to the most recent data on the cost of living, Chesterton has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Indiana, Chesterton has a cost of living index that's 1.2x higher than Indiana's index of 92.
The standard of living in Chesterton ranks as #119 most affordable out of the 128 places we measured in Indiana. By definition, that implies Chesterton ranks as the #9 most expensive place in the Hoosier State.
For more reading on life in Chesterton, check out:
In Indiana
In America
Chesterton Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Chesterton. Here is how it fairs on each of the criteria:
The Services index in Chesterton is 105.
The Groceries index in Chesterton is 104.
The Health index in Chesterton is 110.
The Housing index in Chesterton is 107.
The Transportation index in Chesterton is 105.
The Utilities index in Chesterton is 87.
| Living Expense | Chesterton | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 107 | 92 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 110 | 94 | 100 | |
| Housing | 107 | 73 | 100 | |
| Transportation | 105 | 94 | 100 | |
| Utilities | 87 | 107 | 100 | |
Chesterton, 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 Chesterton is $337,945.
The Median Rent in Chesterton is $1,145.
The Median Income in Chesterton is $88,536.
The Home Value To Income in Chesterton is 3.8x.
The Rent To Monthly Income in Chesterton is 0.16x.
| Statistic | Chesterton | Indiana | United States |
|---|---|---|---|
| Median Home Value | $337,945 | $251,301 | $303,400 |
| Median Rent | $1,145 | $1,020 | $1,348 |
| Median Income | $88,536 | $70,051 | $78,538 |
| Home Value To Income | 3.8x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Chesterton, IN Costs By Category
Detailed Chesterton Services Costs Vs. Indiana
| Item | Chesterton | Indiana |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Chesterton Groceries Costs Vs. Indiana
| Item | Chesterton | Indiana |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Chesterton Health Costs Vs. Indiana
| Item | Chesterton | Indiana |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Chesterton Transportation Costs Vs. Indiana
| Item | Chesterton | Indiana |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Chesterton Utilities Costs Vs. Indiana
| Item | Chesterton | Indiana |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Chesterton SnackAbility
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Cost Of Living In Cities Around Chesterton
The cost of living varies in the cities and towns around Chesterton. Here's a quick look at the cost of living in the most populous nearby places:
Gary, IN has a cost of living index of 88, 0.8x Chesterton.
Portage, IN has a cost of living index of 97, 0.9x Chesterton.
Merrillville, IN has a cost of living index of 101, 0.9x Chesterton.
| City | Population | Cost Of Living | Vs. Chesterton |
|---|---|---|---|
| Gary, IN | 68,604 | 88 | 0.8x |
| Portage, IN | 37,951 | 97 | 0.9x |
| Merrillville, IN | 36,343 | 101 | 0.9x |
| Valparaiso, IN | 34,377 | 105 | 1.0x |
| Crown Point, IN | 34,042 | 98 | 0.9x |
| Hobart, IN | 29,646 | 98 | 0.9x |
| La Porte, IN | 22,125 | 83 | 0.8x |
| Griffith, IN | 16,228 | 100 | 0.9x |
| Lake Station, IN | 13,109 | 90 | 0.8x |
| Lakes of the Four Seasons, IN | 7,338 | 112 | 1.0x |
