Peru, IN Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Peru, IN Summary

Cost of living in Peru 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 Peru 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 Peru is 77, with 100 being the average.

  • The cost of living index in Peru is 0.8x lower than the national average.

  • Peru ranks as the #10 cheapest in Indiana out of 124.

  • Peru ranks as the #78 cheapest out of 6,412 in the US.

  • The median home value in Peru is $66,600.

  • The median income in Peru is $42,668.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
77
Peru's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Peru, IN?

According to the most recent data on the cost of living, Peru has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.

Compared to Indiana, Peru has a cost of living index that's 0.8x lower than Indiana's index of 91.

The standard of living in Peru ranks as #10 most affordable out of the 124 places we measured in Indiana. By definition, that implies Peru ranks as the #114 most expensive place in the Hoosier State.

For more reading on life in Peru, check out:

10 out of 124
In Indiana
78 out of 6,412
In America

Peru Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Peru. Here is how it fairs on each of the criteria:

  • The Services index in Peru is 84.

  • The Groceries index in Peru is 87.

  • The Health index in Peru is 100.

  • The Housing index in Peru is 43.

  • The Transportation index in Peru is 92.

  • The Utilities index in Peru is 94.

Living Expense Peru Indiana National Average
Overall 77 91 100
Services 84 94 100
Groceries 87 96 100
Health 100 101 100
Housing 43 77 100
Transportation 92 95 100
Utilities 94 106 100
For more reading on cost of living around Indiana, check out:
Peru Cost of Living Vs. IN

Peru, 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 Peru is $66,600.

  • The Median Rent in Peru is $774.

  • The Median Income in Peru is $42,668.

  • The Home Value To Income in Peru is 1.6x.

  • The Rent To Monthly Income in Peru is 0.22x.

Statistic Peru Indiana United States
Median Home Value $66,600 $158,500 $244,900
Median Rent $774 $891 $1,163
Median Income $42,668 $61,944 $69,021
Home Value To Income 1.6x 2.6x 3.5x
Rent To Monthly Income 0.22x 0.17x 0.2x
Search Homes For Sale In Peru, IN
$66,600
Median Home Value
$774
Median Rent
$42,668
Median Income

Peru, IN Costs By Category

Detailed Peru Services Costs Vs. Indiana

Item Peru Indiana
Shampoo $0.92 $1.06
Movie $5.99 $10.68
Bowling $10.0 $14.67
Haircut $16.99 $18.62
Beauty Salon $26.66 $39.05

Detailed Peru Groceries Costs Vs. Indiana

Item Peru Indiana
Ground Beef $3.5 $4.22
Fried Chicken $1.42 $1.39
Milk $1.12 $2.05
Potatoes $2.8 $3.29
Pizza $9.99 $10.62
Beer $8.71 $9.38
Toothpaste $2.37 $2.34

Detailed Peru Health Costs Vs. Indiana

Item Peru Indiana
Optometrist $138.0 $108.57
Doctor $112.78 $116.17
Dentist $95.67 $99.13

Detailed Peru Transportation Costs Vs. Indiana

Item Peru Indiana
Gasoline $2.22 $2.22
Tire Balancing $40.73 $50.07

Detailed Peru Utilities Costs Vs. Indiana

Item Peru Indiana
All Electricity $156.13 $167.67
Phone $184.27 $175.64

Peru SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
4
Affordability
8
Diversity
6
Safety
N/A
Amenities
8.5
Education
4
Commute
8.5

Cost Of Living In Cities Around Peru

The cost of living varies in the cities and towns around Peru. Here's a quick look at the cost of living in the most populous nearby places:

  • Lafayette, IN has a cost of living index of 88, 1.1x Peru.

  • Noblesville, IN has a cost of living index of 98, 1.3x Peru.

  • West Lafayette, IN has a cost of living index of 99, 1.3x Peru.

City Population Cost Of Living Vs. Peru
Lafayette, IN 70,928 88 1.1x
Noblesville, IN 68,885 98 1.3x
West Lafayette, IN 44,515 99 1.3x
Huntington, IN 17,018 83 1.1x
Frankfort, IN 16,134 85 1.1x
Warsaw, IN 15,905 86 1.1x
Wabash, IN 10,420 78 1.0x
Nappanee, IN 7,132 83 1.1x
Monticello, IN 5,508 85 1.1x
North Manchester, IN 5,269 85 1.1x

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