Cost of Living in Newburgh, IN
Population 3,370 · Indiana · Data vintage 2023
(100 = US avg)
Buyers in Newburgh can reasonably expect a home to cost less than three years of household income — $216,000 against $72,431 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 1.7% — below most comparable cities in the state.
Newburgh sits roughly 8 miles east of Evansville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 68% higher than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Newburgh
The median home value in Newburgh is $216,300 — 29% below the national median of $305,000. Median rent runs $885/month, 33% lower than the national median of $1,314/month. The median household income of $72,431/year is 3% lower than the US median of $74,580. The local unemployment rate is 1.7%, 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, Newburgh has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.
Newburgh 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Newburgh, IN?
Newburgh has a cost index of 69 (100 = national average). It is 31% below the national average.
What is average rent in Newburgh, IN?
The median gross rent in Newburgh is $885 per month based on 2023 Census data.
What is the average home price in Newburgh?
The median home value in Newburgh is $216,300 according to Zillow and Census data.
What is the median income in Newburgh?
The median household income in Newburgh is $72,431 per year (2023 ACS 5-year estimates).
What is the sales tax in Newburgh, IN?
The combined state and local sales tax rate in Newburgh is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Newburgh, IN affordable?
Yes, Newburgh is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.
Newburgh at a Glance
- Population
- 3,370
- Median Income
- $72,431
- Home Value
- $216,300
- Median Rent
- $885/mo
- Unemployment
- 1.7%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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