Rensselaer, IN Cost Of Living

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Updated: 2020-03-08
Rensselaer's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Rensselaer is expensive, while a number below 100 means it's a relatively cheap place to live.

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 90 which is 0.9x lower than the national index of 100.

Compared to only Indiana, Rensselaer has a cost of living index that's 1.0x higher than Indiana's index of 89.

The standard of living in Rensselaer ranks as #1706 most affordable out of the 6522 places we measured in Indiana. By definition, that implies Rensselaer ranks as the #4700 most expensive place in the Hoosier State.

Rensselaer Cost Of Living Vs. Indiana

Living Expense Rensselaer Indiana National Average
Overall 90 89 100
Services 93 97 100
Groceries 110 92 100
Health 108 94 100
Housing 64 72 100
Transportation 126 100 100
Utilities 90 99 100
For more reading on cost of living around Indiana, check out:
Rensselaer Cost of Living Vs. IN

Rensselaer, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Rensselaer Indiana United States
Median Home Value $114,900 $135,400 $204,900
Median Rent $718 $807 $1,023
Median Income $44,394 $54,325 $60,293
Home Value To Income 2.6x 2.5x 3.4x
Rent To Monthly Income 0.19x 0.18x 0.2x

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Cost Of Living In Cities Around Rensselaer

City Population Cost Of Living Vs. Rensselaer
Lansing, IL 28,141 98 1.1x
Homewood, IL 19,592 99 1.1x
Bourbonnais, IL 19,526 98 1.1x
Matteson, IL 19,336 100 1.1x
Richton Park, IL 13,629 96 1.1x
Flossmoor, IL 9,427 114 1.3x
Lynwood, IL 9,316 101 1.1x
Glenwood, IL 8,766 99 1.1x
Manteno, IL 8,652 101 1.1x
Monee, IL 5,124 95 1.1x

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