Cost of Living in Cannelburg, IN

With a cost of living index of 82, Cannelburg, IN is a very affordable place to live. Living here is 18% cheaper than the national average and 4% above the Indiana state average of 78. Cannelburg is a small community of 153 residents.

Housing costs are the biggest factor in Cannelburg's cost of living. The median monthly rent is $1,115 (15% below the US median of $1,319), and the median home value sits at $187,500 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Cannelburg is $67,708, which is 10% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.