Rensselaer, IN Cost Of Living
Cost Of Living In Rensselaer, IN Summary
Cost of living in Rensselaer 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 Rensselaer 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 Rensselaer is 86, with 100 being the average.
The cost of living index in Rensselaer is 0.9x lower than the national average.
Rensselaer ranks as the #29 cheapest in Indiana out of 128.
Rensselaer ranks as the #639 cheapest out of 6,489 in the US.
The median home value in Rensselaer is $241,244.
The median income in Rensselaer is $61,648.
Table Of Contents
Rensselaer's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Rensselaer, IN?
According to the most recent data on the cost of living, Rensselaer has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Indiana, Rensselaer has a cost of living index that's 0.9x lower than Indiana's index of 92.
The standard of living in Rensselaer ranks as #29 most affordable out of the 128 places we measured in Indiana. By definition, that implies Rensselaer ranks as the #99 most expensive place in the Hoosier State.
For more reading on life in Rensselaer, check out:
In Indiana
In America
Rensselaer Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Rensselaer. Here is how it fairs on each of the criteria:
The Services index in Rensselaer is 95.
The Groceries index in Rensselaer is 97.
The Health index in Rensselaer is 91.
The Housing index in Rensselaer is 66.
The Transportation index in Rensselaer is 94.
The Utilities index in Rensselaer is 89.
| Living Expense | Rensselaer | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 95 | 95 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 91 | 94 | 100 | |
| Housing | 66 | 73 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 89 | 107 | 100 | |
Rensselaer, 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 Rensselaer is $241,244.
The Median Rent in Rensselaer is $868.
The Median Income in Rensselaer is $61,648.
The Home Value To Income in Rensselaer is 3.9x.
The Rent To Monthly Income in Rensselaer is 0.17x.
| Statistic | Rensselaer | Indiana | United States |
|---|---|---|---|
| Median Home Value | $241,244 | $251,301 | $303,400 |
| Median Rent | $868 | $1,020 | $1,348 |
| Median Income | $61,648 | $70,051 | $78,538 |
| Home Value To Income | 3.9x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Rensselaer, IN Costs By Category
Detailed Rensselaer Services Costs Vs. Indiana
| Item | Rensselaer | Indiana |
|---|---|---|
| Shampoo | $1.46 | $1.28 |
| Movie | $8.75 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $23.56 | $24.26 |
| Beauty Salon | $42.28 | $45.56 |
Detailed Rensselaer Groceries Costs Vs. Indiana
| Item | Rensselaer | Indiana |
|---|---|---|
| Ground Beef | $6.31 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $13.8 | $12.09 |
| Beer | $10.43 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Rensselaer Health Costs Vs. Indiana
| Item | Rensselaer | Indiana |
|---|---|---|
| Optometrist | $93.66 | $125.68 |
| Doctor | $120.22 | $135.78 |
| Dentist | $113.44 | $113.29 |
Detailed Rensselaer Transportation Costs Vs. Indiana
| Item | Rensselaer | Indiana |
|---|---|---|
| Gasoline | $3.17 | $3.46 |
| Tire Balancing | $61.36 | $59.92 |
Detailed Rensselaer Utilities Costs Vs. Indiana
| Item | Rensselaer | Indiana |
|---|---|---|
| All Electricity | $157.45 | $193.99 |
| Phone | $197.49 | $192.25 |
Rensselaer SnackAbility
/10
Cost Of Living In Cities Around Rensselaer
The cost of living varies in the cities and towns around Rensselaer. Here's a quick look at the cost of living in the most populous nearby places:
Lansing, IL has a cost of living index of 99, 1.2x Rensselaer.
Homewood, IL has a cost of living index of 102, 1.2x Rensselaer.
Matteson, IL has a cost of living index of 104, 1.2x Rensselaer.
| City | Population | Cost Of Living | Vs. Rensselaer |
|---|---|---|---|
| Lansing, IL | 28,415 | 99 | 1.2x |
| Homewood, IL | 19,471 | 102 | 1.2x |
| Matteson, IL | 18,681 | 104 | 1.2x |
| Bourbonnais, IL | 18,109 | 99 | 1.2x |
| Richton Park, IL | 12,576 | 100 | 1.2x |
| Flossmoor, IL | 9,666 | 120 | 1.4x |
| Lynwood, IL | 9,047 | 98 | 1.1x |
| Manteno, IL | 8,942 | 98 | 1.1x |
| Glenwood, IL | 8,620 | 102 | 1.2x |
| Monee, IL | 5,104 | 98 | 1.1x |
