Cost of Living in Charlestown, IN
Population 8,118 · Indiana · Data vintage 2023
(100 = US avg)
Housing costs in Charlestown stay well under national norms: a median home value of $191,000 against median household incomes of $77,548 gives the city one of the more comfortable price-to-income ratios in Indiana. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.
Geographically, Charlestown sits roughly 20 miles north of Louisville/Jefferson County metro government (balance). Median home values run roughly 14% lower than Louisville/Jefferson County metro government (balance)'s $222,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Charlestown
The median home value in Charlestown is $191,200 — 37% below the national median of $305,000. Median rent runs $903/month, 31% lower than the national median of $1,314/month. The median household income of $77,548/year is 4% higher than the US median of $74,580. The local unemployment rate is 2.6%, 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, Charlestown has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.
Charlestown has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Charlestown, IN?
Charlestown has a cost index of 65 (100 = national average). It is 35% below the national average.
What is average rent in Charlestown, IN?
The median gross rent in Charlestown is $903 per month based on 2023 Census data.
What is the average home price in Charlestown?
The median home value in Charlestown is $191,200 according to Zillow and Census data.
What is the median income in Charlestown?
The median household income in Charlestown is $77,548 per year (2023 ACS 5-year estimates).
What is the sales tax in Charlestown, IN?
The combined state and local sales tax rate in Charlestown is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Charlestown, IN affordable?
Yes, Charlestown is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.
Charlestown at a Glance
- Population
- 8,118
- Median Income
- $77,548
- Home Value
- $191,200
- Median Rent
- $903/mo
- Unemployment
- 2.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
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