Cost of Living in DeMotte, IN

With a cost of living index of 83, DeMotte, IN is a very affordable place to live. Living here is 17% cheaper than the national average and 5% above the Indiana state average of 78. DeMotte is a small community of 4,219 residents.

Housing costs are the biggest factor in DeMotte's cost of living. The median monthly rent is $1,104 (16% below the US median of $1,319), and the median home value sits at $205,200 (33% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in DeMotte is $67,244, which is 11% 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.