Cost of Living in Mitchell, IN
Population 3,941 · Indiana · Data vintage 2023
(100 = US avg)
Household incomes in Mitchell run well below national norms — a median of $45,580 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $102,000). A poverty rate near 20% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Mitchell is about 60 miles northwest of Louisville/Jefferson County metro government (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 54% 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 Mitchell
The median home value in Mitchell is $101,900 — 67% below the national median of $305,000. Median rent runs $751/month, 43% lower than the national median of $1,314/month. The median household income of $45,580/year is 39% lower than the US median of $74,580. The local unemployment rate is 7.7%, 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%. The climate averages highs of 63.4°F and lows of 45.2°F. Overall, Mitchell has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.
Mitchell 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 39 | 43 | 54 | 65 | 73 | 81 | 84 | 84 | 77 | 66 | 53 | 43 |
| Low °F | 23 | 26 | 35 | 45 | 54 | 63 | 66 | 64 | 57 | 46 | 36 | 28 |
| Precip" | 3.75 | 3.03 | 4.20 | 5.20 | 5.48 | 5.00 | 4.18 | 3.31 | 3.27 | 3.50 | 3.88 | 3.83 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Mitchell, IN?
Mitchell has a cost index of 43 (100 = national average). It is 57% below the national average.
What is average rent in Mitchell, IN?
The median gross rent in Mitchell is $751 per month based on 2023 Census data.
What is the average home price in Mitchell?
The median home value in Mitchell is $101,900 according to Zillow and Census data.
What is the median income in Mitchell?
The median household income in Mitchell is $45,580 per year (2023 ACS 5-year estimates).
What is the sales tax in Mitchell, IN?
The combined state and local sales tax rate in Mitchell is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Mitchell, IN affordable?
Yes, Mitchell is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.
What is the weather like in Mitchell?
Mitchell has average high temperatures of 63.4°F and average lows of 45.2°F. Annual precipitation is 48.6". Data from NOAA 1991–2020 Climate Normals.
Mitchell at a Glance
- Population
- 3,941
- Median Income
- $45,580
- Home Value
- $101,900
- Median Rent
- $751/mo
- Unemployment
- 7.7%
- Avg High Temp
- 63.4°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
Cities in other states with comparable housing costs