Cost of Living in Greencastle, IN
Population 9,863 · Indiana · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Greencastle a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $154,000. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.
Greencastle is about 40 miles west of Indianapolis city (balance), the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 26% lower than Indianapolis city (balance)'s $207,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Greencastle
The median home value in Greencastle is $154,000 — 50% below the national median of $305,000. Median rent runs $904/month, 31% lower than the national median of $1,314/month. The median household income of $54,217/year is 27% lower than the US median of $74,580. The local unemployment rate is 1.6%, 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, Greencastle has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
Greencastle 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Greencastle, IN?
Greencastle has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Greencastle, IN?
The median gross rent in Greencastle is $904 per month based on 2023 Census data.
What is the average home price in Greencastle?
The median home value in Greencastle is $154,000 according to Zillow and Census data.
What is the median income in Greencastle?
The median household income in Greencastle is $54,217 per year (2023 ACS 5-year estimates).
What is the sales tax in Greencastle, IN?
The combined state and local sales tax rate in Greencastle is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Greencastle, IN affordable?
Yes, Greencastle is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
Greencastle at a Glance
- Population
- 9,863
- Median Income
- $54,217
- Home Value
- $154,000
- Median Rent
- $904/mo
- Unemployment
- 1.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
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