Cost of Living in Anderson, IN is
-8.2% Lower
than the National Average

Did the Cost of Living in Anderson, IN increase in 2024? Anderson, IN area prices were up 1.3% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Anderson, Indiana    Anderson is a city in and the county seat of Madison County, Indiana, United States. It is the principal city of the Anderson, Indiana Metropolitan St....More
The federal minimum wage is $7.25 per hour while Indiana's state law sets the minimum wage rate at $7.25 per hour in 2024. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. View future changes in the minimum wage in your location by visiting Minimum Wage Values in Anderson, IN

Cost of Living Calculator



Cost of Living in other Major Cities

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 86.5%
City, State Washington, DC Compared to national average
+ 45.2%
City, State Miami, FL Compared to national average
+ 15.4%
City, State Chicago, IL Compared to national average
+ 12.4%
City, State Boston, MA Compared to national average
+ 53.1%
City, State New York, NY Compared to national average
+ 77.0%
City, State Dallas, TX Compared to national average
+ 7.0%

Cost of Living Anderson, IN by Expense Category

Category Compared to national average
CategoryEnergy Compared to national average
-8.1%
CategoryFood Compared to national average
+ 0.1%
CategoryHealthcare Compared to national average
-7.9%
CategoryHousing Compared to national average
-23.8%
CategoryTransportation Compared to national average
-4.8%

Cost of Living Comparison with Anderson, IN

If you move to Anderson from one of these cities, you would have these the changes of your cost of living.


Move From Move To Cost Of Living Comparison
Move FromSan Francisco, CA Move ToAnderson, IN Cost Of Living Comparision
-94.7%
Move FromWashington, DC Move ToAnderson, IN Cost Of Living Comparision
-53.3%
Move FromMiami, FL Move ToAnderson, IN Cost Of Living Comparision
-23.5%
Move FromChicago, IL Move ToAnderson, IN Cost Of Living Comparision
-20.6%
Move FromBoston, MA Move ToAnderson, IN Cost Of Living Comparision
-61.3%
Move FromNew York, NY Move ToAnderson, IN Cost Of Living Comparision
-85.2%
Move FromDallas, TX Move ToAnderson, IN Cost Of Living Comparision
-15.2%

Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.


About Anderson, IN

Anderson is a city in and the county seat of Madison County, Indiana, United States. It is the principal city of the Anderson, Indiana Metropolitan Statistical Area which encompasses Madison County. Anderson is the headquarters of the Church of God (Anderson) and home of Anderson University, which is affiliated with Christian denomination. Highlights of the city include the historic Paramount Theatre and the Gruenewald Historic House. The population was 56,129 at the 2010 census. This is down from 70,000 in 1970. Anderson is located at 40°06′00″N 85°40′53″W / 40.100041°N 85.681525°W / 40.10...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia


Comments about the Cost of Living in Anderson, IN

Will the cost of food in Anderson, Indiana impact the overall cost of living there?

Yes, cost of food is important as we all have to eat! There are ways to save money on your food expenses if you plan carefully. Check out stores like Costco to buy items in bulk at a considerable savings. At different times of the year you can get local produce for low prices at roadside stands or farmer’s markets. There are lots of ways to reduce food expenses and lower your overall cost of living in Anderson, IN. ( 2024-04-24 salary.com )

I love to go to sports events, what does Anderson, Indiana have to offer?

Anderson, IN does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. ( 2024-04-24 salary.com )

Are there any good ways to save money on Cable TV and internet service in Anderson, IN?

The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. ( 2024-04-24 salary.com )

I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?

Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. You should call at least three moving companies for a moving estimate, the cost might be less than you think and you won’t have to worry about a friend hurting their back trying to move your heavy furniture. Another way to make your move easier – and save money – is by weeding out items you don’t need anymore. Why bother to move stuff that you do not even use! Have a yard sale or find a local charitable organization and donate items you no longer use. Make sure you include these moving costs into the overall cost of living for year one in Anderson, IN. ( 2024-04-24 salary.com )

I am moving with children, what should I do to make the move less stressful for them and myself?

Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Anderson, Indiana to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. ( 2024-04-24 salary.com )

How much are average utility costs in Anderson, Indiana compared to the rest of U.S.?

Electric costs in Anderson,IN are currently lower than average when compared to other states. Since a year ago the price of electricity in Indiana has gone down about 0.248%. Electric costs will contribute to the energy component of your overall cost of living. ( 2024-04-24 salary.com )

My kids are important, how much of my cost of living should I estimate I will need to spend on child care in Anderson, IN?

It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Anderson child care for a child up to 3 years could cost $8918 per year. Indiana, is ranked NO. 30 in annual cost of child care in the U.S. ( 2024-04-24 salary.com )

What are rents like in Anderson,IN?

I am single and live in Anderson,IN, I rent a small 1 bedroom and the monthly rent is $533 . Rent contributes to a large part of the overall cost of living in Anderson,IN, I try to economize by having a small apartment. ( 2024-04-24 salary.com )

How does Anderson, Indiana compare to the rest of U.S. as far as all the taxes that will affect my cost of living?

The overall tax ranking for Anderson, Indiana, which is based on a composite of state wide taxes including income taxes, sales taxes, property taxes, insurance taxes, and business taxes is the tenth lowest compared to the rest of the United States. This overall tax profile can definitely impact your cost of living in Anderson, IN. ( 2024-04-24 salary.com )

Can you save money using public transport?

You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. ( 2024-04-24 salary.com )



Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2024-04-24 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2024-04-24 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2024-04-24 salary.com )


Last Update: 2024-04-24