Hoosier Cities Among 'Lowest Cost of Living'

Posted: Updated:
Fort Wayne tops the list for the second consecutive year. (photo courtesy Greater Fort Wayne Inc.) Fort Wayne tops the list for the second consecutive year. (photo courtesy Greater Fort Wayne Inc.)

Three Indiana cities are ranked among the top 10 in the nation for having the lowest cost of living. The rankings from Niche.com were determined by metrics including home value, rent, gas prices and property taxes.

Fort Wayne and Evansville are ranked numbers one and two, respectively, for the second consecutive year. South Bend improved three spots to number 3 on the list as well. Indianapolis also improved its ranking this year, moving up seven spots to number 18.

Niche.com uses numbers from the U.S. Census Bureau and the Bureau of Labor Statistics to determine the rankings. The full list of factors is: Home Value to Income Ratio, Median Effective Property Tax, Median Home Value, Median Rent,  Monthly Housing Cost to Income Ratio, CPI Gas Index, CPI Grocery Index and Rent to Income Ratio.

You can learn more about the methodology used to determine the list by clicking here. The Top 25 Cities with the Lowest Cost of Living includes:

  1. Fort Wayne, Indiana
  2. Evansville, Indiana
  3. South Bend, Indiana
  4. Topeka, Kansas
  5. Toledo, Ohio
  6. Wichita, Kansas
  7. Akron, Ohio
  8. Cedar Rapids, Iowa
  9. Davenport, Iowa
  10. Springfield, Illinois
  11. Rochester, Minnesota
  12. Dayton, Ohio
  13. Springfield, Missouri
  14. Wichita Falls, Texas
  15. Kansas City, Kansas
  16. Odessa, Texas
  17. Cleveland, Ohio
  18. Indianapolis, Indiana
  19. Abilene, Texas
  20. Sioux Falls, South Dakota
  21. Montgomery, Alabama
  22. Lansing, Michigan
  23. Des Moines, Iowa
  24. Brownsville, Texas
  25. Warren, Michigan
  • Perspectives

    • (photo courtesy of Conexus)

      October Celebrates Indiana’s Vibrant Manufacturing Industry

      Indiana is the most manufacturing intensive state in the country and more than a third of the state’s GDP comes from the industry. The health and wellness of Indiana’s economy is dependent on the state’s manufacturing industry. But Hoosiers face a challenge: it is expected that nearly a quarter of the current manufacturing workforce will be of retirement age in the next 10 years and we lack the generational workforce to make up that gap.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      U.S. Steel Updates Layoff Notice to State

      Pittsburgh-based U.S. Steel Corp. (NYSE: X) has updated the State of Indiana regarding its previously announced layoffs at the East Chicago Tin Mill. The company says 314, rather than 307, workers will be displaced when the mill is idled this fall. 

    • Regal Beloit is closing in Valparaiso. (photo courtesy; The Times of Northwest Indiana)

      Valpo Bearings Plant to Close, Eliminating 160+ Jobs

      Wisconsin-based Regal Beloit Corp. and the union representing workers have reached an agreement about the closing of a helicopter bearing factory in Valparaiso. According to our partners at The Times of Northwest Indiana, the decision will cost between 160 to 170 workers their jobs. 

    • AM General & Fiat Chrysler announce plans to build military grade Jeep Gladiator pickup trucks.

      AM General, FCA Collaborate on New Military Grade Jeep

      Nearly 80 years since the first jeep rolled off the assembly line, and helped support American soldiers throughout World War II, it appears the trusted four-wheel-drive machine may be making a comeback in the U.S. military. South Bend-based AM General LLC has teamed up with Fiat Chrysler Automobiles to build military-grade versions of the 2020 Jeep Gladiator pickup truck. 

    • Red Star announced plans to expand and add 18 jobs.

      Larwill Medical Device Maker to Expand, Add Jobs

      A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022. 

    • Jaci Lederman

      Vincennes Professor Wins Prestigious Award

      The International Council of E-Commerce Consultants has honored Vincennes University faculty member Jaci Lederman with the Academic Instructor Circle of Excellence award. She is chair and associate professor of the Information Technology Department. Lederman won the distinction due to her commitment to cybersecurity education.