New Goshen, IN Cost of Living


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New Goshen cost of living score
75
Less expensive
25.0% lower
than the US average
10.4% lower
than the Indiana average
New Goshen, Indiana gets a BestPlaces Cost of Living score of 75, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.0% lower than the U.S. average and 10.4% higher than the average for Indiana.

New Goshen, IN

Housing costs in New Goshen?
A typical home costs $83,700, which is 75.2% less expensive than the national average of $338,100 and 62.2% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in New Goshen costs $810 per month, which is 43.4% cheaper than the national average of $1,430 and 21.0% cheaper than the state average of $980.

Can I afford New Goshen?
To live comfortably in New Goshen, Indiana, a minimum annual income of $16,200 for a family, and $26,000 for a single person is recommended.

What does A.I. say about New Goshen?
The cost of living in New Goshen, IN is generally quite reasonable. The median home price is around $115,000, which is well below the national median. Furthermore, utilities are relatively affordable as the average monthly electricity bill is only around $95. Groceries and other necessities are also reasonably priced - a gallon of milk usually runs about $3. Transportation costs can be slightly higher due to the lack of public transportation options, but overall, New Goshen offers an affordable place to live with plenty of great amenities.
   Cost of living score
     CategoriesNew GoshenIndianaUnited States
  75.083.7100.0
  92.792.9100
  98.994.4100.0
  48.363.8100.0
  $83,700$221,600$338,100
  99.8%97.2%100.0%
  82.785.4100.0
  96.1102.0100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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