Cost of Living in Columbus, IN

Population 51,104 · Indiana · Data vintage 2023

80
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Columbus lands reasonably close to national benchmarks on most cost indicators, with a median home value of $231,000 — 24% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Indiana.

Located 40 miles south of Indianapolis city (balance), Columbus falls within that metro's commuting orbit. Median home values run roughly 12% higher than Indianapolis city (balance)'s $207,000.

Cost Overview

Housing 76
Rent 86

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

About the Cost of Living in Columbus

The median home value in Columbus is $231,000 — 24% below the national median of $305,000. Median rent runs $1,135/month, 14% lower than the national median of $1,314/month. The median household income of $76,856/year is 3% higher than the US median of $74,580. The local unemployment rate is 4.3%, 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, Columbus has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.

🏠 Housing

Median Home Value
$231,000
24% below avg
Zillow Home Value
$272,715
Zillow ZHVI
Median Rent
$1,135/mo
14% below avg
Zillow Rent
$1,352/mo
Zillow ZORI
Price-to-Rent Ratio
17.0x
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 61.2%
Renter-occupied 38.8%

💰 Estimated Monthly Budget

Rent median rent
$1,135
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,749/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
20.1 min
26% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.3%

Commute Mode

Drove alone
74.6%
Carpooled
8.9%
Public transit
0.8%
Walked
1.2%
Bicycle
0.4%
Work from home
13.3%

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
$76,856
3% above avg
Per Capita Income
$43,017
Unemployment Rate
4.3%
11% below avg
Poverty Rate
12.8%
Labor Force Participation
66.8%

🎓 Education

Bachelor's degree+ 21.9%
Graduate degree 19.4%

👥 Demographics

Median Age 36
Male median age 35.4
Female median age 36.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
64.8%
Good air days/yr
215
Max AQI recorded
157
PM2.5 days
204
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
18.7:1
Student-teacher ratio
17
Public schools
11,499
Total enrollment

Frequently Asked Questions

What is the cost of living in Columbus, IN?

Columbus has a cost index of 80 (100 = national average). It is 20% below the national average.

What is average rent in Columbus, IN?

The median gross rent in Columbus is $1,135 per month based on 2023 Census data.

What is the average home price in Columbus?

The median home value in Columbus is $231,000 according to Zillow and Census data.

What is the median income in Columbus?

The median household income in Columbus is $76,856 per year (2023 ACS 5-year estimates).

What is the sales tax in Columbus, IN?

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

Is Columbus, IN affordable?

Yes, Columbus is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.

Columbus at a Glance

Population
51,104
Median Income
$76,856
Home Value
$231,000
Median Rent
$1,135/mo
Unemployment
4.3%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

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