Cost of living in Noblesville 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 Noblesville 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 Noblesville is 104, with 100 being the average.
The cost of living index in Noblesville is 1.0x higher than the national average.
Noblesville ranks as the #112 cheapest in Indiana out of 128.
Noblesville ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Noblesville is $382,511.
The median income in Noblesville is $102,319.
According to the most recent data on the cost of living, Noblesville has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Indiana, Noblesville has a cost of living index that's 1.1x higher than Indiana's index of 92.
The standard of living in Noblesville ranks as #112 most affordable out of the 128 places we measured in Indiana. By definition, that implies Noblesville ranks as the #16 most expensive place in the Hoosier State.
For more reading on life in Noblesville, check out:
Six factors go into calculating the cost of living index in Noblesville. Here is how it fairs on each of the criteria:
The Services index in Noblesville is 98.
The Groceries index in Noblesville is 101.
The Health index in Noblesville is 87.
The Housing index in Noblesville is 121.
The Transportation index in Noblesville is 98.
The Utilities index in Noblesville is 105.
| Living Expense | Noblesville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 104 | 92 | 100 | |
| Services | 98 | 95 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 87 | 94 | 100 | |
| Housing | 121 | 73 | 100 | |
| Transportation | 98 | 94 | 100 | |
| Utilities | 105 | 107 | 100 | |
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 Noblesville is $382,511.
The Median Rent in Noblesville is $1,284.
The Median Income in Noblesville is $102,319.
The Home Value To Income in Noblesville is 3.7x.
The Rent To Monthly Income in Noblesville is 0.15x.
| Statistic | Noblesville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $382,511 | $251,301 | $303,400 |
| Median Rent | $1,284 | $1,020 | $1,348 |
| Median Income | $102,319 | $70,051 | $78,538 |
| Home Value To Income | 3.7x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
| Item | Noblesville | 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 |
| Item | Noblesville | 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 |
| Item | Noblesville | Indiana |
|---|---|---|
| Optometrist | $73.37 | $125.68 |
| Doctor | $99.19 | $135.78 |
| Dentist | $109.26 | $113.29 |
| Item | Noblesville | Indiana |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $54.63 | $59.92 |
| Item | Noblesville | Indiana |
|---|---|---|
| All Electricity | $207.03 | $193.99 |
| Phone | $190.02 | $192.25 |
The cost of living varies in the cities and towns around Noblesville. 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 Noblesville.
Carmel, IN has a cost of living index of 119, 1.1x Noblesville.
Anderson, IN has a cost of living index of 86, 0.8x Noblesville.
| City | Population | Cost Of Living | Vs. Noblesville |
|---|---|---|---|
| Indianapolis, IN | 882,043 | 94 | 0.9x |
| Carmel, IN | 100,501 | 119 | 1.1x |
| Anderson, IN | 54,930 | 86 | 0.8x |
| Westfield, IN | 51,109 | 114 | 1.1x |
| Lawrence, IN | 49,284 | 96 | 0.9x |
| Zionsville, IN | 31,442 | 127 | 1.2x |
| McCordsville, IN | 9,700 | 105 | 1.0x |
| Elwood, IN | 8,320 | 81 | 0.8x |
| Cumberland, IN | 6,154 | 96 | 0.9x |
| Cicero, IN | 5,441 | 93 | 0.9x |