Schererville, IN Cost Of Living
Cost Of Living In Schererville, IN Summary
Cost of living in Schererville 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 Schererville 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 Schererville is 111, with 100 being the average.
The cost of living index in Schererville is 1.1x higher than the national average.
Schererville ranks as the #123 cheapest in Indiana out of 128.
Schererville ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Schererville is $352,160.
The median income in Schererville is $86,020.
Table Of Contents
Schererville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Schererville, IN?
According to the most recent data on the cost of living, Schererville has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Indiana, Schererville has a cost of living index that's 1.2x higher than Indiana's index of 92.
The standard of living in Schererville ranks as #123 most affordable out of the 128 places we measured in Indiana. By definition, that implies Schererville ranks as the #5 most expensive place in the Hoosier State.
For more reading on life in Schererville, check out:
In Indiana
In America
Schererville Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Schererville. Here is how it fairs on each of the criteria:
The Services index in Schererville is 109.
The Groceries index in Schererville is 106.
The Health index in Schererville is 106.
The Housing index in Schererville is 121.
The Transportation index in Schererville is 109.
The Utilities index in Schererville is 91.
| Living Expense | Schererville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 111 | 92 | 100 | |
| Services | 109 | 95 | 100 | |
| Groceries | 106 | 97 | 100 | |
| Health | 106 | 94 | 100 | |
| Housing | 121 | 73 | 100 | |
| Transportation | 109 | 94 | 100 | |
| Utilities | 91 | 107 | 100 | |
Schererville, 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 Schererville is $352,160.
The Median Rent in Schererville is $1,224.
The Median Income in Schererville is $86,020.
The Home Value To Income in Schererville is 4.1x.
The Rent To Monthly Income in Schererville is 0.17x.
| Statistic | Schererville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $352,160 | $251,301 | $303,400 |
| Median Rent | $1,224 | $1,020 | $1,348 |
| Median Income | $86,020 | $70,051 | $78,538 |
| Home Value To Income | 4.1x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Schererville, IN Costs By Category
Detailed Schererville Services Costs Vs. Indiana
| Item | Schererville | Indiana |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Schererville Groceries Costs Vs. Indiana
| Item | Schererville | Indiana |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Schererville Health Costs Vs. Indiana
| Item | Schererville | Indiana |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Schererville Transportation Costs Vs. Indiana
| Item | Schererville | Indiana |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Schererville Utilities Costs Vs. Indiana
| Item | Schererville | Indiana |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Schererville SnackAbility
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Cost Of Living In Cities Around Schererville
The cost of living varies in the cities and towns around Schererville. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 109, 1.0x Schererville.
Merrillville, IN has a cost of living index of 101, 0.9x Schererville.
Crown Point, IN has a cost of living index of 98, 0.9x Schererville.
| City | Population | Cost Of Living | Vs. Schererville |
|---|---|---|---|
| Tinley Park, IL | 55,007 | 109 | 1.0x |
| Merrillville, IN | 36,343 | 101 | 0.9x |
| Crown Point, IN | 34,042 | 98 | 0.9x |
| Oak Forest, IL | 26,888 | 105 | 0.9x |
| Munster, IN | 23,733 | 110 | 1.0x |
| St. John, IN | 21,639 | 107 | 1.0x |
| South Holland, IL | 21,016 | 106 | 1.0x |
| Homewood, IL | 19,471 | 102 | 0.9x |
| Matteson, IL | 18,681 | 104 | 0.9x |
| Dyer, IN | 16,400 | 108 | 1.0x |
