Cost of Living in Martinsville, IN
Population 11,913 · Indiana · Data vintage 2023
(100 = US avg)
Martinsville is a smaller Indiana community of around 12000 residents, where median household incomes of $56,186 and housing costs ($140,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 30 miles southwest of Indianapolis city (balance), Martinsville falls within that metro's commuting orbit. Median home values run roughly 32% 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 Martinsville
The median home value in Martinsville is $140,400 — 54% below the national median of $305,000. Median rent runs $952/month, 28% lower than the national median of $1,314/month. The median household income of $56,186/year is 25% lower than the US median of $74,580. The local unemployment rate is 4.9%, above 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, Martinsville has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
🏠 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 Martinsville, IN?
Martinsville has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in Martinsville, IN?
The median gross rent in Martinsville is $952 per month based on 2023 Census data.
What is the average home price in Martinsville?
The median home value in Martinsville is $140,400 according to Zillow and Census data.
What is the median income in Martinsville?
The median household income in Martinsville is $56,186 per year (2023 ACS 5-year estimates).
What is the sales tax in Martinsville, IN?
The combined state and local sales tax rate in Martinsville is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Martinsville, IN affordable?
Yes, Martinsville is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
Martinsville at a Glance
- Population
- 11,913
- Median Income
- $56,186
- Home Value
- $140,400
- Median Rent
- $952/mo
- Unemployment
- 4.9%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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