Vincennes, IN Cost Of Living
Cost Of Living In Vincennes, IN Summary
Cost of living in Vincennes 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 Vincennes 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 Vincennes is 85, with 100 being the average.
The cost of living index in Vincennes is 0.8x lower than the national average.
Vincennes ranks as the #40 cheapest in Indiana out of 124.
Vincennes ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Vincennes is $80,000.
The median income in Vincennes is $43,184.
Table Of Contents
Vincennes's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Vincennes, IN?
According to the most recent data on the cost of living, Vincennes has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Indiana, Vincennes has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Vincennes ranks as #40 most affordable out of the 124 places we measured in Indiana. By definition, that implies Vincennes ranks as the #84 most expensive place in the Hoosier State.
For more reading on life in Vincennes, check out:
- Living In Vincennes
- Vincennes Crime Report
- Search Homes For Sale In Vincennes, IN
In Indiana
In America
Vincennes Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Vincennes. Here is how it fairs on each of the criteria:
The Services index in Vincennes is 95.
The Groceries index in Vincennes is 95.
The Health index in Vincennes is 93.
The Housing index in Vincennes is 51.
The Transportation index in Vincennes is 95.
The Utilities index in Vincennes is 112.
| Living Expense | Vincennes | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 85 | 91 | 100 | |
| Services | 95 | 94 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 93 | 101 | 100 | |
| Housing | 51 | 77 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 112 | 106 | 100 | |
Vincennes, 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 Vincennes is $80,000.
The Median Rent in Vincennes is $706.
The Median Income in Vincennes is $43,184.
The Home Value To Income in Vincennes is 1.9x.
The Rent To Monthly Income in Vincennes is 0.2x.
| Statistic | Vincennes | Indiana | United States |
|---|---|---|---|
| Median Home Value | $80,000 | $158,500 | $244,900 |
| Median Rent | $706 | $891 | $1,163 |
| Median Income | $43,184 | $61,944 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Vincennes, IN Costs By Category
Detailed Vincennes Services Costs Vs. Indiana
Detailed Vincennes Groceries Costs Vs. Indiana
Detailed Vincennes Health Costs Vs. Indiana
Detailed Vincennes Transportation Costs Vs. Indiana
Detailed Vincennes Utilities Costs Vs. Indiana
Vincennes SnackAbility
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Cost Of Living In Cities Around Vincennes
The cost of living varies in the cities and towns around Vincennes. Here's a quick look at the cost of living in the most populous nearby places:
Evansville, IN has a cost of living index of 86, 1.0x Vincennes.
Jasper, IN has a cost of living index of 91, 1.1x Vincennes.
Washington, IN has a cost of living index of 84, 1.0x Vincennes.
| City | Population | Cost Of Living | Vs. Vincennes |
|---|---|---|---|
| Evansville, IN | 117,184 | 86 | 1.0x |
| Jasper, IN | 16,231 | 91 | 1.1x |
| Washington, IN | 12,015 | 84 | 1.0x |
| Olney, IL | 8,996 | 80 | 0.9x |
| Robinson, IL | 7,264 | 86 | 1.0x |
| Mount Carmel, IL | 6,937 | 84 | 1.0x |
| Boonville, IN | 6,662 | 84 | 1.0x |
| Huntingburg, IN | 6,534 | 84 | 1.0x |
| Linton, IN | 5,155 | 82 | 1.0x |
