McCordsville, IN Cost Of Living
Cost Of Living In McCordsville, IN Summary
Cost of living in McCordsville 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 McCordsville 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 McCordsville is 105, with 100 being the average.
The cost of living index in McCordsville is 1.1x higher than the national average.
McCordsville ranks as the #114 cheapest in Indiana out of 128.
McCordsville ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in McCordsville is $374,786.
The median income in McCordsville is $113,495.
Table Of Contents
McCordsville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in McCordsville, IN?
According to the most recent data on the cost of living, McCordsville has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Indiana, McCordsville has a cost of living index that's 1.1x higher than Indiana's index of 92.
The standard of living in McCordsville ranks as #114 most affordable out of the 128 places we measured in Indiana. By definition, that implies McCordsville ranks as the #14 most expensive place in the Hoosier State.
For more reading on life in McCordsville, check out:
In Indiana
In America
McCordsville Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in McCordsville. Here is how it fairs on each of the criteria:
The Services index in McCordsville is 97.
The Groceries index in McCordsville is 102.
The Health index in McCordsville is 90.
The Housing index in McCordsville is 118.
The Transportation index in McCordsville is 94.
The Utilities index in McCordsville is 104.
| Living Expense | McCordsville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 105 | 92 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 102 | 97 | 100 | |
| Health | 90 | 94 | 100 | |
| Housing | 118 | 73 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 104 | 107 | 100 | |
McCordsville, 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 McCordsville is $374,786.
The Median Rent in McCordsville is $1,085.
The Median Income in McCordsville is $113,495.
The Home Value To Income in McCordsville is 3.3x.
The Rent To Monthly Income in McCordsville is 0.11x.
| Statistic | McCordsville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $374,786 | $251,301 | $303,400 |
| Median Rent | $1,085 | $1,020 | $1,348 |
| Median Income | $113,495 | $70,051 | $78,538 |
| Home Value To Income | 3.3x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.11x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
McCordsville, IN Costs By Category
Detailed McCordsville Services Costs Vs. Indiana
| Item | McCordsville | Indiana |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $10.91 | $12.13 |
| Bowling | $18.7 | $18 |
| Haircut | $19.53 | $24.26 |
| Beauty Salon | $39.03 | $45.56 |
Detailed McCordsville Groceries Costs Vs. Indiana
| Item | McCordsville | Indiana |
|---|---|---|
| Ground Beef | $5.91 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.07 | $4.93 |
| Pizza | $12.39 | $12.09 |
| Beer | $10.3 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed McCordsville Health Costs Vs. Indiana
| Item | McCordsville | Indiana |
|---|---|---|
| Optometrist | $73.37 | $125.68 |
| Doctor | $99.19 | $135.78 |
| Dentist | $109.26 | $113.29 |
Detailed McCordsville Transportation Costs Vs. Indiana
| Item | McCordsville | Indiana |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $54.63 | $59.92 |
Detailed McCordsville Utilities Costs Vs. Indiana
| Item | McCordsville | Indiana |
|---|---|---|
| All Electricity | $207.03 | $193.99 |
| Phone | $190.02 | $192.25 |
Mccordsville SnackAbility
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Cost Of Living In Cities Around McCordsville
The cost of living varies in the cities and towns around McCordsville. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 94, 0.9x McCordsville.
Carmel, IN has a cost of living index of 119, 1.1x McCordsville.
Noblesville, IN has a cost of living index of 104, 1.0x McCordsville.
| City | Population | Cost Of Living | Vs. McCordsville |
|---|---|---|---|
| Indianapolis, IN | 882,043 | 94 | 0.9x |
| Carmel, IN | 100,501 | 119 | 1.1x |
| Noblesville, IN | 71,940 | 104 | 1.0x |
| Anderson, IN | 54,930 | 86 | 0.8x |
| Westfield, IN | 51,109 | 114 | 1.1x |
| Lawrence, IN | 49,284 | 96 | 0.9x |
| Greenfield, IN | 24,308 | 95 | 0.9x |
| Beech Grove, IN | 15,082 | 87 | 0.8x |
| Cumberland, IN | 6,154 | 96 | 0.9x |
| Pendleton, IN | 5,115 | 95 | 0.9x |
