Shelbyville, IN Cost Of Living
Cost Of Living In Shelbyville, IN Summary
Cost of living in Shelbyville 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 Shelbyville 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 Shelbyville is 87, with 100 being the average.
The cost of living index in Shelbyville is 0.9x lower than the national average.
Shelbyville ranks as the #39 cheapest in Indiana out of 128.
Shelbyville ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Shelbyville is $221,274.
The median income in Shelbyville is $58,532.
Table Of Contents
Shelbyville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Shelbyville, IN?
According to the most recent data on the cost of living, Shelbyville has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Shelbyville has a cost of living index that's 0.9x lower than Indiana's index of 92.
The standard of living in Shelbyville ranks as #39 most affordable out of the 128 places we measured in Indiana. By definition, that implies Shelbyville ranks as the #89 most expensive place in the Hoosier State.
For more reading on life in Shelbyville, check out:
In Indiana
In America
Shelbyville Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Shelbyville. Here is how it fairs on each of the criteria:
The Services index in Shelbyville is 95.
The Groceries index in Shelbyville is 101.
The Health index in Shelbyville is 91.
The Housing index in Shelbyville is 63.
The Transportation index in Shelbyville is 97.
The Utilities index in Shelbyville is 102.
| Living Expense | Shelbyville | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 95 | 95 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 91 | 94 | 100 | |
| Housing | 63 | 73 | 100 | |
| Transportation | 97 | 94 | 100 | |
| Utilities | 102 | 107 | 100 | |
Shelbyville, 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 Shelbyville is $221,274.
The Median Rent in Shelbyville is $970.
The Median Income in Shelbyville is $58,532.
The Home Value To Income in Shelbyville is 3.8x.
The Rent To Monthly Income in Shelbyville is 0.2x.
| Statistic | Shelbyville | Indiana | United States |
|---|---|---|---|
| Median Home Value | $221,274 | $251,301 | $303,400 |
| Median Rent | $970 | $1,020 | $1,348 |
| Median Income | $58,532 | $70,051 | $78,538 |
| Home Value To Income | 3.8x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Shelbyville, IN Costs By Category
Detailed Shelbyville Services Costs Vs. Indiana
| Item | Shelbyville | 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 |
Detailed Shelbyville Groceries Costs Vs. Indiana
| Item | Shelbyville | 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 |
Detailed Shelbyville Health Costs Vs. Indiana
| Item | Shelbyville | Indiana |
|---|---|---|
| Optometrist | $73.37 | $125.68 |
| Doctor | $99.19 | $135.78 |
| Dentist | $109.26 | $113.29 |
Detailed Shelbyville Transportation Costs Vs. Indiana
| Item | Shelbyville | Indiana |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $54.63 | $59.92 |
Detailed Shelbyville Utilities Costs Vs. Indiana
| Item | Shelbyville | Indiana |
|---|---|---|
| All Electricity | $207.03 | $193.99 |
| Phone | $190.02 | $192.25 |
Shelbyville SnackAbility
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Cost Of Living In Cities Around Shelbyville
The cost of living varies in the cities and towns around Shelbyville. Here's a quick look at the cost of living in the most populous nearby places:
Greenwood, IN has a cost of living index of 99, 1.1x Shelbyville.
Franklin, IN has a cost of living index of 93, 1.1x Shelbyville.
Greenfield, IN has a cost of living index of 95, 1.1x Shelbyville.
| City | Population | Cost Of Living | Vs. Shelbyville |
|---|---|---|---|
| Greenwood, IN | 64,237 | 99 | 1.1x |
| Franklin, IN | 25,999 | 93 | 1.1x |
| Greenfield, IN | 24,308 | 95 | 1.1x |
| Greensburg, IN | 11,585 | 91 | 1.0x |
| Cumberland, IN | 6,154 | 96 | 1.1x |
| New Whiteland, IN | 5,641 | 87 | 1.0x |
