Cost of Living in Boonville, IN

Population 6,681 · Indiana · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Boonville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $143,000.

Geographically, Boonville sits roughly 14 miles east of Evansville. Median home values run roughly 11% higher than Evansville's $129,000.

Cost Overview

Housing 47
Rent 64

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

About the Cost of Living in Boonville

The median home value in Boonville is $143,100 — 53% below the national median of $305,000. Median rent runs $835/month, 36% lower than the national median of $1,314/month. The median household income of $62,500/year is 16% lower than the US median of $74,580. The local unemployment rate is 3.2%, 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, Boonville has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$143,100
53% below avg
Zillow Home Value
$223,307
Zillow ZHVI
Median Rent
$835/mo
36% below avg
Price-to-Rent Ratio
14.3x
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 65.8%
Renter-occupied 34.2%

💰 Estimated Monthly Budget

Rent median rent
$835
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,449/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
24.5 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.1%

Commute Mode

Drove alone
83.7%
Carpooled
8.6%
Public transit
0.7%
Walked
1.4%
Work from home
4.1%

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
$62,500
16% below avg
Per Capita Income
$36,896
Unemployment Rate
3.2%
33% below avg
Poverty Rate
12.6%
Labor Force Participation
59.9%

🎓 Education

Bachelor's degree+ 13.6%
Graduate degree 12.6%

👥 Demographics

Median Age 41.6
Male median age 40.4
Female median age 43.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 38 — Good
85.2%
Good air days/yr
133
Max AQI recorded
0
PM2.5 days
365
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

93%
4-Year Graduation Rate
16.9:1
Student-teacher ratio
18
Public schools
10,162
Total enrollment

Frequently Asked Questions

What is the cost of living in Boonville, IN?

Boonville has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in Boonville, IN?

The median gross rent in Boonville is $835 per month based on 2023 Census data.

What is the average home price in Boonville?

The median home value in Boonville is $143,100 according to Zillow and Census data.

What is the median income in Boonville?

The median household income in Boonville is $62,500 per year (2023 ACS 5-year estimates).

What is the sales tax in Boonville, IN?

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

Is Boonville, IN affordable?

Yes, Boonville is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

Boonville at a Glance

Population
6,681
Median Income
$62,500
Home Value
$143,100
Median Rent
$835/mo
Unemployment
3.2%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

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