Cost of Living in Beech Grove, IN

Population 15,082 · Indiana · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Beech Grove sits on the smaller end of the Indiana city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Beech Grove sits roughly 5 miles southeast of Indianapolis city (balance). Median home values run roughly 18% lower than Indianapolis city (balance)'s $207,000.

Cost Overview

Housing 56
Rent 74

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Beech Grove

The median home value in Beech Grove is $169,500 — 44% below the national median of $305,000. Median rent runs $978/month, 26% lower than the national median of $1,314/month. The median household income of $49,452/year is 34% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Beech Grove has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$169,500
44% below avg
Zillow Home Value
$190,137
Zillow ZHVI
Median Rent
$978/mo
26% below avg
Zillow Rent
$1,289/mo
Zillow ZORI
Price-to-Rent Ratio
14.4x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 55.3%
Renter-occupied 44.7%

💰 Estimated Monthly Budget

Rent median rent
$978
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,592/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.2 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.5%

Commute Mode

Drove alone
83.5%
Carpooled
8.6%
Public transit
0.1%
Walked
0.5%
Work from home
6.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$49,452
34% below avg
Per Capita Income
$29,484
Unemployment Rate
3.9%
19% below avg
Poverty Rate
10.3%
Labor Force Participation
65.3%

🎓 Education

Bachelor's degree+ 16.4%
Graduate degree 5.7%

👥 Demographics

Median Age 36.4
Male median age 35.5
Female median age 36.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 60 — Moderate
23%
Good air days/yr
259
Max AQI recorded
310
PM2.5 days
55
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

91%
4-Year Graduation Rate
17.9:1
Student-teacher ratio
5
Public schools
2,939
Total enrollment

Frequently Asked Questions

What is the cost of living in Beech Grove, IN?

Beech Grove has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Beech Grove, IN?

The median gross rent in Beech Grove is $978 per month based on 2023 Census data.

What is the average home price in Beech Grove?

The median home value in Beech Grove is $169,500 according to Zillow and Census data.

What is the median income in Beech Grove?

The median household income in Beech Grove is $49,452 per year (2023 ACS 5-year estimates).

What is the sales tax in Beech Grove, IN?

The combined state and local sales tax rate in Beech Grove is 7.0%. The Indiana state income tax top rate is 3.0%.

Is Beech Grove, IN affordable?

Yes, Beech Grove is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.