Cost of Living in Middlebury, IN

With a cost of living index of 84, Middlebury, IN is a very affordable place to live. Living here is 16% cheaper than the national average and 6% above the Indiana state average of 78. Middlebury is a small community of 3,681 residents.

Housing costs are the biggest factor in Middlebury's cost of living. The median monthly rent is $1,072 (19% below the US median of $1,319), and the median home value sits at $230,300 (24% 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 Middlebury is $81,094, which is 8% higher 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.

Everyday prices in the Elkhart-Goshen, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.