Cost of Living


Homes and cost of living in Anderson are very affordable. The Cost of Living Index shows that Anderson is a very affordable place to live and work. To maintain the same standard of living, the median family income of $41,724 in Anderson, Indiana, should be increased or decreased to:


Community 

Income
% Increase
or Decrease
Cost of Living
Index

Anderson, Indiana 
$41,724 
N/A 
70.6 
Chicago, Illinois
$65,014 
51.4% 
106.9 
Dayton, Ohio
$41,448 
1.1% 
71.4 
Denver, Colorado
$79,585 
82.3% 
128.7 
Ft. Wayne, Indiana
$45,808 
11.8% 
78.9 
Huntsville, Alabama
$50,886 
21.8% 
86 
Indianapolis, Indiana 
$48,512 
18.3% 
83.5 
Knoxville, Tennessee 
$51,603 
21.2% 
85.5 
Los Angeles, California 
$107,677 
145.5% 
173.3 
Owensboro, Kentucky 
$46,857 
14.6% 
80.9 
St. Louis, Missouri 
$48,954 
15.2% 
81.3 
Tupelo, Mississippi 
$45,091 
10.5% 
78 
       
For the Cost of Living Index, the average of all participating places equals 100, and each participant’s index is read as a percentage of the average for all places.

Source: Sperling’s Best Places & 2013-2017 American Community Survey 5-Year Estimates