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 $46,960 in Anderson, Indiana, should be increased or decreased to:


Community 

Income
% Increase
or Decrease
Cost of Living
Index

Anderson, Indiana 
$46,960 
N/A 
70.6 
Chicago (City), Illinois
$74,580 
58.8% 
106.9 
Dayton, Ohio
$43,485 
(7.4%) 
71.4 
Denver, Colorado
$93,236 
98.5% 
128.7 
Ft. Wayne, Indiana
$64,127 
36.6% 
78.9 
Huntsville, Alabama
$78,039 
66.2% 
86.0 
Indianapolis, Indiana 
$64,146 
36.6% 
83.5 
Knoxville, Tennessee 
$55,835 
18.9% 
85.5 
Los Angeles (City), California 
$74,471 
58.6% 
173.3 
Owensboro, Kentucky 
$57,067 
21.5% 
80.9 
St. Louis (City), Missouri 
$60,978 
29.9% 
81.3 
Tupelo, Mississippi 
$67,251 
43.2% 
78.0 
       
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 & 2020 American Community Survey 5-Year Estimates