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