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