Hoosier Cities Among ‘Lowest Cost of Living’
(Photo courtesy Greater Fort Wayne Inc.) New developments are continuing to change the face of the city's skyline.
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:
- Fort Wayne, Indiana
- Evansville, Indiana
- South Bend, Indiana
- Topeka, Kansas
- Toledo, Ohio
- Wichita, Kansas
- Akron, Ohio
- Cedar Rapids, Iowa
- Davenport, Iowa
- Springfield, Illinois
- Rochester, Minnesota
- Dayton, Ohio
- Springfield, Missouri
- Wichita Falls, Texas
- Kansas City, Kansas
- Odessa, Texas
- Cleveland, Ohio
- Indianapolis, Indiana
- Abilene, Texas
- Sioux Falls, South Dakota
- Montgomery, Alabama
- Lansing, Michigan
- Des Moines, Iowa
- Brownsville, Texas
- Warren, Michigan