Decatur, IN

Yes — everyday expenses in Decatur run about 28% below the US average (Cost Index: 72). Housing is especially affordable: the median home is valued around $132,900, compared to the $303,400 national median. Monthly rent is typically around $804, versus $1,348 nationally.

Start with housing. Typical monthly rent is $804, while local median household income is $58,867. That implies a rent-burden proxy of about 16% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Indiana has a progressive state income tax with a top rate of 3.05%. The effective property tax rate is 0.83%. On a home worth $132,900, that translates to roughly $1,103 per year in property taxes. Sales tax (state + local) averages around 7% on everyday purchases.

The typical monthly rent in Decatur is around $804. That's roughly 40% lower than the $1,348 national median. For comparison, the median home value here is $132,900, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Decatur is valued at $132,900. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $672/month for principal and interest alone — before property taxes and insurance. About 73% of residents here own their homes.

Grocery prices in Decatur are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 85). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Decatur is a small town with a population of about 9,769. The median age of residents is 43.6, skewing somewhat older — common in established suburban communities. The local poverty rate is 10.8%, near the national average of 12.4%.