Cost of Living in Mooresville, IN

Population 9,608 · Indiana · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Mooresville stay well under national norms: a median home value of $194,000 against median household incomes of $70,228 gives the city one of the more comfortable price-to-income ratios in Indiana. The labor market has been unusually tight, with unemployment around 2.4% — below most comparable cities in the state.

Geographically, Mooresville sits roughly 15 miles southwest of Indianapolis city (balance). Housing prices track closely with Indianapolis city (balance)'s $207,000 median.

Cost Overview

Housing 64
Rent 80

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

About the Cost of Living in Mooresville

The median home value in Mooresville is $194,300 — 36% below the national median of $305,000. Median rent runs $1,045/month, 20% lower than the national median of $1,314/month. The median household income of $70,228/year is 6% lower than the US median of $74,580. The local unemployment rate is 2.4%, 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, Mooresville has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$194,300
36% below avg
Zillow Home Value
$303,455
Zillow ZHVI
Median Rent
$1,045/mo
20% below avg
Price-to-Rent Ratio
15.5x
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 68.4%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$1,045
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,659/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
30.2 min
12% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.1%

Commute Mode

Drove alone
85.0%
Carpooled
3.5%
Public transit
0.3%
Walked
1.1%
Work from home
10.1%

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
$70,228
6% below avg
Per Capita Income
$35,809
Unemployment Rate
2.4%
50% below avg
Poverty Rate
13.3%
Labor Force Participation
59.7%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 7.5%

👥 Demographics

Median Age 43
Male median age 38.9
Female median age 47.6

🏫 Schools

NCES CCD 2019 — public school district data

96%
4-Year Graduation Rate
19.7:1
Student-teacher ratio
7
Public schools
4,412
Total enrollment

Frequently Asked Questions

What is the cost of living in Mooresville, IN?

Mooresville has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Mooresville, IN?

The median gross rent in Mooresville is $1,045 per month based on 2023 Census data.

What is the average home price in Mooresville?

The median home value in Mooresville is $194,300 according to Zillow and Census data.

What is the median income in Mooresville?

The median household income in Mooresville is $70,228 per year (2023 ACS 5-year estimates).

What is the sales tax in Mooresville, IN?

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

Is Mooresville, IN affordable?

Yes, Mooresville is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

Mooresville at a Glance

Population
9,608
Median Income
$70,228
Home Value
$194,300
Median Rent
$1,045/mo
Unemployment
2.4%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs