Cost of Living in Paoli, IN
Population 3,274 · Indiana · Data vintage 2023
(100 = US avg)
Household incomes in Paoli run well below national norms — a median of $45,926 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $134,000). A poverty rate near 22% 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.
Located 50 miles northwest of Louisville/Jefferson County metro government (balance), Paoli is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 39% 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 Paoli
The median home value in Paoli is $134,300 — 56% below the national median of $305,000. Median rent runs $827/month, 37% lower than the national median of $1,314/month. The median household income of $45,926/year is 38% lower than the US median of $74,580. The local unemployment rate is 4.2%, 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, Paoli has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
Paoli 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 Paoli, IN?
Paoli has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Paoli, IN?
The median gross rent in Paoli is $827 per month based on 2023 Census data.
What is the average home price in Paoli?
The median home value in Paoli is $134,300 according to Zillow and Census data.
What is the median income in Paoli?
The median household income in Paoli is $45,926 per year (2023 ACS 5-year estimates).
What is the sales tax in Paoli, IN?
The combined state and local sales tax rate in Paoli is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Paoli, IN affordable?
Yes, Paoli is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Paoli at a Glance
- Population
- 3,274
- Median Income
- $45,926
- Home Value
- $134,300
- Median Rent
- $827/mo
- Unemployment
- 4.2%
- Sales Tax
- 7.0%
Explore county-level cost of living data
Indiana Rankings
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