Cost of Living in Liberty Mills, IN

With a cost of living index of 80, Liberty Mills, IN is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Indiana state average. Liberty Mills is a small community of 159 residents.

The median household income in Liberty Mills is $57,375, which is 24% lower than the national median of $75,149. Residents spend roughly 16% 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.