Cost of Living in Marshall, IN

With a cost of living index of 73, Marshall, IN is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 5% below the Indiana state average of 78. Marshall is a small community of 340 residents.

Housing costs are the biggest factor in Marshall's cost of living. The median monthly rent is $1,110 (16% below the US median of $1,319), and the median home value sits at $84,600 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Marshall is $34,167, which is 55% lower than the national median of $75,149. Residents spend roughly 39% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.