Shelbyville, IN Cost Of Living

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

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 84, with 100 being the average.

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

  • Shelbyville ranks as the #31 cheapest in Indiana out of 124.

  • Shelbyville ranks as the #629 cheapest out of 6,412 in the US.

  • The median home value in Shelbyville is $104,100.

  • The median income in Shelbyville is $55,950.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
84
Shelbyville's Overall Cost Of Living
0.8x
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 84, which is 0.8x 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 91.

The standard of living in Shelbyville ranks as #31 most affordable out of the 124 places we measured in Indiana. By definition, that implies Shelbyville ranks as the #93 most expensive place in the Hoosier State.

For more reading on life in Shelbyville, check out:

31 out of 124
In Indiana
629 out of 6,412
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 96.

  • The Groceries index in Shelbyville is 94.

  • The Health index in Shelbyville is 86.

  • The Housing index in Shelbyville is 58.

  • The Transportation index in Shelbyville is 92.

  • The Utilities index in Shelbyville is 101.

Living Expense Shelbyville Indiana National Average
Overall 84 91 100
Services 96 94 100
Groceries 94 96 100
Health 86 101 100
Housing 58 77 100
Transportation 92 95 100
Utilities 101 106 100
For more reading on cost of living around Indiana, check out:
Shelbyville Cost of Living Vs. IN

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 2017-2021. The key points are:

  • The Median Home Value in Shelbyville is $104,100.

  • The Median Rent in Shelbyville is $833.

  • The Median Income in Shelbyville is $55,950.

  • The Home Value To Income in Shelbyville is 1.9x.

  • The Rent To Monthly Income in Shelbyville is 0.18x.

Statistic Shelbyville Indiana United States
Median Home Value $104,100 $158,500 $244,900
Median Rent $833 $891 $1,163
Median Income $55,950 $61,944 $69,021
Home Value To Income 1.9x 2.6x 3.5x
Rent To Monthly Income 0.18x 0.17x 0.2x
Search Homes For Sale In Shelbyville, IN
$104,100
Median Home Value
$833
Median Rent
$55,950
Median Income

Shelbyville, IN Costs By Category

Detailed Shelbyville Services Costs Vs. Indiana

Item Shelbyville Indiana
Shampoo $1.03 $1.06
Movie $11.27 $10.68
Bowling $16.9 $14.67
Haircut $17.8 $18.62
Beauty Salon $37.63 $39.05

Detailed Shelbyville Groceries Costs Vs. Indiana

Item Shelbyville Indiana
Ground Beef $4.16 $4.22
Fried Chicken $1.37 $1.39
Milk $1.68 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $8.71 $9.38
Toothpaste $2.02 $2.34

Detailed Shelbyville Health Costs Vs. Indiana

Item Shelbyville Indiana
Optometrist $65.9 $108.57
Doctor $88.25 $116.17
Dentist $92.92 $99.13

Detailed Shelbyville Transportation Costs Vs. Indiana

Item Shelbyville Indiana
Gasoline $2.12 $2.22
Tire Balancing $40.89 $50.07

Detailed Shelbyville Utilities Costs Vs. Indiana

Item Shelbyville Indiana
All Electricity $171.81 $167.67
Phone $184.27 $175.64

Shelbyville SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
6
Affordability
8
Diversity
6
Safety
5
Amenities
8.5
Education
5
Commute
8.5

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 92, 1.1x Shelbyville.

  • Franklin, IN has a cost of living index of 90, 1.1x Shelbyville.

  • Greenfield, IN has a cost of living index of 88, 1.0x Shelbyville.

City Population Cost Of Living Vs. Shelbyville
Greenwood, IN 62,914 92 1.1x
Franklin, IN 25,112 90 1.1x
Greenfield, IN 23,024 88 1.0x
Greensburg, IN 11,573 88 1.0x
Cumberland, IN 5,860 93 1.1x
New Whiteland, IN 5,565 91 1.1x

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