Garrett, IN Cost Of Living
Cost Of Living In Garrett, IN Summary
Cost of living in Garrett 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 Garrett 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 Garrett is 84, with 100 being the average.
The cost of living index in Garrett is 0.8x lower than the national average.
Garrett ranks as the #31 cheapest in Indiana out of 124.
Garrett ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Garrett is $112,300.
The median income in Garrett is $56,386.
Table Of Contents
Garrett's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Garrett, IN?
According to the most recent data on the cost of living, Garrett has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Indiana, Garrett has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Garrett ranks as #31 most affordable out of the 124 places we measured in Indiana. By definition, that implies Garrett ranks as the #93 most expensive place in the Hoosier State.
For more reading on life in Garrett, check out:
- Living In Garrett
- Search Homes For Sale In Garrett, IN
In Indiana
In America
Garrett Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Garrett. Here is how it fairs on each of the criteria:
The Services index in Garrett is 98.
The Groceries index in Garrett is 85.
The Health index in Garrett is 101.
The Housing index in Garrett is 53.
The Transportation index in Garrett is 107.
The Utilities index in Garrett is 90.
| Living Expense | Garrett | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 84 | 91 | 100 | |
| Services | 98 | 94 | 100 | |
| Groceries | 85 | 96 | 100 | |
| Health | 101 | 101 | 100 | |
| Housing | 53 | 77 | 100 | |
| Transportation | 107 | 95 | 100 | |
| Utilities | 90 | 106 | 100 | |
Garrett, 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 Garrett is $112,300.
The Median Rent in Garrett is $735.
The Median Income in Garrett is $56,386.
The Home Value To Income in Garrett is 2.0x.
The Rent To Monthly Income in Garrett is 0.16x.
| Statistic | Garrett | Indiana | United States |
|---|---|---|---|
| Median Home Value | $112,300 | $158,500 | $244,900 |
| Median Rent | $735 | $891 | $1,163 |
| Median Income | $56,386 | $61,944 | $69,021 |
| Home Value To Income | 2.0x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Garrett, IN Costs By Category
Detailed Garrett Services Costs Vs. Indiana
Detailed Garrett Groceries Costs Vs. Indiana
Detailed Garrett Health Costs Vs. Indiana
Detailed Garrett Transportation Costs Vs. Indiana
Detailed Garrett Utilities Costs Vs. Indiana
Garrett SnackAbility
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Cost Of Living In Cities Around Garrett
The cost of living varies in the cities and towns around Garrett. Here's a quick look at the cost of living in the most populous nearby places:
Goshen, IN has a cost of living index of 87, 1.0x Garrett.
Defiance, OH has a cost of living index of 85, 1.0x Garrett.
Auburn, IN has a cost of living index of 85, 1.0x Garrett.
| City | Population | Cost Of Living | Vs. Garrett |
|---|---|---|---|
| Goshen, IN | 34,792 | 87 | 1.0x |
| Defiance, OH | 17,155 | 85 | 1.0x |
| Auburn, IN | 13,281 | 85 | 1.0x |
| Sturgis, MI | 11,067 | 83 | 1.0x |
| Van Wert, OH | 10,793 | 85 | 1.0x |
| Kendallville, IN | 9,926 | 84 | 1.0x |
| Decatur, IN | 9,630 | 84 | 1.0x |
| Bryan, OH | 8,668 | 87 | 1.0x |
| Nappanee, IN | 7,132 | 83 | 1.0x |
| Dunlap, IN | 7,097 | 88 | 1.0x |
