Cost of Living in New Palestine, IN
Population 3,027 · Indiana · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives New Palestine a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $320,000.
New Palestine sits roughly 14 miles east of Indianapolis city (balance) — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 55% higher than Indianapolis city (balance)'s $207,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in New Palestine
The median home value in New Palestine is $320,300 — 5% above the national median of $305,000. Median rent runs $1,200/month, 9% lower than the national median of $1,314/month. The median household income of $93,170/year is 25% 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, New Palestine has a cost of living index of 100 versus the US average of 100, meaning it is on par with the national average.
New Palestine 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 New Palestine, IN?
New Palestine has a cost index of 100 (100 = national average). It is near the national average.
What is average rent in New Palestine, IN?
The median gross rent in New Palestine is $1,200 per month based on 2023 Census data.
What is the average home price in New Palestine?
The median home value in New Palestine is $320,300 according to Zillow and Census data.
What is the median income in New Palestine?
The median household income in New Palestine is $93,170 per year (2023 ACS 5-year estimates).
What is the sales tax in New Palestine, IN?
The combined state and local sales tax rate in New Palestine is 7.0%. The Indiana state income tax top rate is 3.0%.
Is New Palestine, IN affordable?
New Palestine is near the national average in terms of cost of living, with an index of 100 (100 = US average).
New Palestine at a Glance
- Population
- 3,027
- Median Income
- $93,170
- Home Value
- $320,300
- Median Rent
- $1,200/mo
- Unemployment
- 4.3%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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