Cost of living in Jasper 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 Jasper 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 Jasper is 91, with 100 being the average.
The cost of living index in Jasper is 0.9x lower than the national average.
Jasper ranks as the #76 cheapest in Indiana out of 124.
Jasper ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Jasper is $164,000.
The median income in Jasper is $59,053.
According to the most recent data on the cost of living, Jasper has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Indiana, Jasper has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Jasper ranks as #76 most affordable out of the 124 places we measured in Indiana. By definition, that implies Jasper ranks as the #48 most expensive place in the Hoosier State.
For more reading on life in Jasper, check out:
Six factors go into calculating the cost of living index in Jasper. Here is how it fairs on each of the criteria:
The Services index in Jasper is 93.
The Groceries index in Jasper is 96.
The Health index in Jasper is 95.
The Housing index in Jasper is 76.
The Transportation index in Jasper is 94.
The Utilities index in Jasper is 116.
|Living Expense||Jasper||Indiana||National Average|
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 Jasper is $164,000.
The Median Rent in Jasper is $702.
The Median Income in Jasper is $59,053.
The Home Value To Income in Jasper is 2.8x.
The Rent To Monthly Income in Jasper is 0.14x.
|Median Home Value||$164,000||$158,500||$244,900|
|Home Value To Income||2.8x||2.6x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|
The cost of living varies in the cities and towns around Jasper. Here's a quick look at the cost of living in the most populous nearby places:
Evansville, IN has a cost of living index of 86, 0.9x Jasper.
Owensboro, KY has a cost of living index of 88, 1.0x Jasper.
Vincennes, IN has a cost of living index of 85, 0.9x Jasper.
|City||Population||Cost Of Living||Vs. Jasper|
|Mount Carmel, IL||6,937||84||0.9x|