Cost of Living in New Goshen, IN
Population: 649 | Indiana
New Goshen is 21% less expensive than the national average.
Cost of Living in New Goshen, IN: What You Need to Know
With a cost of living index of 79, New Goshen, IN is a very affordable place to live. Living here is 21% cheaper than the national average and in line with the Indiana state average. New Goshen is a small community of 649 residents.
The median household income in New Goshen is $81,528, which is 8% higher than the national median of $75,149.
Everyday prices in the Terre Haute, 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.
Income
- Median Household Income
- $81,528
- vs US Median ($75,149)
- +8%
Housing
- Median Home Value
- $96,100
- Median Monthly Housing Cost
- $881/mo
Everyday Prices in New Goshen
BLS Average Prices for the Terre Haute, IN (Metropolitan Statistical Area) area