Cost of Living in Ross, IN

Population 6,740 · Indiana · Data vintage 2023

56
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Ross sits on the smaller end of the Indiana city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 25 miles southeast of Chicago, Ross falls within that metro's commuting orbit. Median home values run roughly 64% lower than Chicago's $315,000.

Cost Overview

Housing 38
Rent 83

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

About the Cost of Living in Ross

The median home value in Ross is $114,600 — 62% below the national median of $305,000. Median rent runs $1,085/month, 17% lower than the national median of $1,314/month. The median household income of $53,824/year is 28% lower than the US median of $74,580. The local unemployment rate is 5.3%, 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%. Overall, Ross has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.

🏠 Housing

Median Home Value
$114,600
62% below avg
Median Rent
$1,085/mo
17% below avg
Price-to-Rent Ratio
8.8x
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 68.2%
Renter-occupied 31.9%

💰 Estimated Monthly Budget

Rent median rent
$1,085
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,699/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
29.5 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.6%

Commute Mode

Drove alone
84.1%
Carpooled
10.7%
Public transit
0.7%
Walked
0.3%
Work from home
2.6%

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
$53,824
28% below avg
Per Capita Income
$29,252
Unemployment Rate
5.3%
10% above avg
Poverty Rate
16.5%
Labor Force Participation
62.1%

🎓 Education

Bachelor's degree+ 12.6%
Graduate degree 3.3%

👥 Demographics

Median Age 40.8
Male median age 40.7
Female median age 40.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 55 — Moderate
34.2%
Good air days/yr
215
Max AQI recorded
294
PM2.5 days
69
Ozone days

Frequently Asked Questions

What is the cost of living in Ross, IN?

Ross has a cost index of 56 (100 = national average). It is 44% below the national average.

What is average rent in Ross, IN?

The median gross rent in Ross is $1,085 per month based on 2023 Census data.

What is the average home price in Ross?

The median home value in Ross is $114,600 according to 2023 Census ACS data.

What is the median income in Ross?

The median household income in Ross is $53,824 per year (2023 ACS 5-year estimates).

What is the sales tax in Ross, IN?

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

Is Ross, IN affordable?

Yes, Ross is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.

Ross at a Glance

Population
6,740
Median Income
$53,824
Home Value
$114,600
Median Rent
$1,085/mo
Unemployment
5.3%
Sales Tax
7.0%
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🗺️ County data for Indiana

Explore county-level cost of living data

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