Cost of Living in Zionsville, IN

Population 31,442 · Indiana · Data vintage 2023

157
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Zionsville lands reasonably close to national benchmarks on most cost indicators, with a median home value of $544,000 — 78% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Indiana.

Geographically, Zionsville sits roughly 9 miles west of Carmel. Median home values run roughly 19% higher than Carmel's $456,000.

Cost Overview

Housing 178
Rent 124

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

About the Cost of Living in Zionsville

The median home value in Zionsville is $543,800 — 78% above the national median of $305,000. Median rent runs $1,635/month, 24% higher than the national median of $1,314/month. The median household income of $159,126/year is 113% higher than the US median of $74,580. The local unemployment rate is 3.8%, 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, Zionsville has a cost of living index of 157 versus the US average of 100, meaning it is 57% more expensive.

🏠 Housing

Median Home Value
$543,800
78% above avg
Zillow Home Value
$671,066
Zillow ZHVI
Median Rent
$1,635/mo
24% above avg
Zillow Rent
$1,759/mo
Zillow ZORI
Price-to-Rent Ratio
27.7x
Favors renting
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 85.3%
Renter-occupied 14.7%

💰 Estimated Monthly Budget

Rent median rent
$1,635
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,249/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
26.5 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.2%

Commute Mode

Drove alone
69.1%
Carpooled
3.9%
Walked
0.9%
Bicycle
0.2%
Work from home
25.2%

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
$159,126
113% above avg
Per Capita Income
$81,165
Unemployment Rate
3.8%
22% below avg
Poverty Rate
3.6%
Labor Force Participation
67.4%

🎓 Education

Bachelor's degree+ 38.9%
Graduate degree 32.1%

👥 Demographics

Median Age 42.6
Male median age 41.6
Female median age 43.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 37 — Good
84.8%
Good air days/yr
185
Max AQI recorded
0
PM2.5 days
362
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
17.5:1
Student-teacher ratio
8
Public schools
7,435
Total enrollment

Frequently Asked Questions

What is the cost of living in Zionsville, IN?

Zionsville has a cost index of 157 (100 = national average). It is 57% above the national average.

What is average rent in Zionsville, IN?

The median gross rent in Zionsville is $1,635 per month based on 2023 Census data.

What is the average home price in Zionsville?

The median home value in Zionsville is $543,800 according to Zillow and Census data.

What is the median income in Zionsville?

The median household income in Zionsville is $159,126 per year (2023 ACS 5-year estimates).

What is the sales tax in Zionsville, IN?

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

Is Zionsville, IN affordable?

Zionsville is above average in cost of living, with an index of 157 — about 57% higher than the national average.

Zionsville at a Glance

Population
31,442
Median Income
$159,126
Home Value
$543,800
Median Rent
$1,635/mo
Unemployment
3.8%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

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