Valparaiso, IN Cost Of Living
Cost Of Living In Valparaiso, IN Summary
Cost of living in Valparaiso 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 Valparaiso 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 Valparaiso is 105, with 100 being the average.
The cost of living index in Valparaiso is 1.1x higher than the national average.
Valparaiso ranks as the #114 cheapest in Indiana out of 128.
Valparaiso ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in Valparaiso is $354,556.
The median income in Valparaiso is $67,664.
Table Of Contents
Valparaiso's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Valparaiso, IN?
According to the most recent data on the cost of living, Valparaiso has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Indiana, Valparaiso has a cost of living index that's 1.1x higher than Indiana's index of 92.
The standard of living in Valparaiso ranks as #114 most affordable out of the 128 places we measured in Indiana. By definition, that implies Valparaiso ranks as the #14 most expensive place in the Hoosier State.
For more reading on life in Valparaiso, check out:
In Indiana
In America
Valparaiso Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Valparaiso. Here is how it fairs on each of the criteria:
The Services index in Valparaiso is 106.
The Groceries index in Valparaiso is 104.
The Health index in Valparaiso is 109.
The Housing index in Valparaiso is 100.
The Transportation index in Valparaiso is 105.
The Utilities index in Valparaiso is 88.
| Living Expense | Valparaiso | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 105 | 92 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 109 | 94 | 100 | |
| Housing | 100 | 73 | 100 | |
| Transportation | 105 | 94 | 100 | |
| Utilities | 88 | 107 | 100 | |
Valparaiso, 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 Valparaiso is $354,556.
The Median Rent in Valparaiso is $1,142.
The Median Income in Valparaiso is $67,664.
The Home Value To Income in Valparaiso is 5.2x.
The Rent To Monthly Income in Valparaiso is 0.2x.
| Statistic | Valparaiso | Indiana | United States |
|---|---|---|---|
| Median Home Value | $354,556 | $251,301 | $303,400 |
| Median Rent | $1,142 | $1,020 | $1,348 |
| Median Income | $67,664 | $70,051 | $78,538 |
| Home Value To Income | 5.2x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Valparaiso, IN Costs By Category
Detailed Valparaiso Services Costs Vs. Indiana
| Item | Valparaiso | 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 Valparaiso Groceries Costs Vs. Indiana
| Item | Valparaiso | 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 Valparaiso Health Costs Vs. Indiana
| Item | Valparaiso | Indiana |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Valparaiso Transportation Costs Vs. Indiana
| Item | Valparaiso | Indiana |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Valparaiso Utilities Costs Vs. Indiana
| Item | Valparaiso | Indiana |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Valparaiso SnackAbility
/10
Cost Of Living In Cities Around Valparaiso
The cost of living varies in the cities and towns around Valparaiso. Here's a quick look at the cost of living in the most populous nearby places:
Gary, IN has a cost of living index of 88, 0.8x Valparaiso.
Portage, IN has a cost of living index of 97, 0.9x Valparaiso.
Merrillville, IN has a cost of living index of 101, 1.0x Valparaiso.
| City | Population | Cost Of Living | Vs. Valparaiso |
|---|---|---|---|
| Gary, IN | 68,604 | 88 | 0.8x |
| Portage, IN | 37,951 | 97 | 0.9x |
| Merrillville, IN | 36,343 | 101 | 1.0x |
| Crown Point, IN | 34,042 | 98 | 0.9x |
| Hobart, IN | 29,646 | 98 | 0.9x |
| La Porte, IN | 22,125 | 83 | 0.8x |
| Griffith, IN | 16,228 | 100 | 1.0x |
| Chesterton, IN | 14,326 | 107 | 1.0x |
| Lake Station, IN | 13,109 | 90 | 0.9x |
| Lakes of the Four Seasons, IN | 7,338 | 112 | 1.1x |
