Cost of Living in Cadiz, IN

With a cost of living index of 65, Cadiz, IN is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 13% below the Indiana state average of 78. Cadiz is a small community of 176 residents.

Housing costs are the biggest factor in Cadiz's cost of living. The median monthly rent is $920 (30% below the US median of $1,319), and the median home value sits at $57,600 (81% below the national median of $304,900). At current prices, the median home costs roughly 0.6x the median household income — well within traditional affordability guidelines.

The median household income in Cadiz is $101,750, which is 35% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.