Cost of Living in Oldenburg, IN

With a cost of living index of 74, Oldenburg, IN is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 5% below the Indiana state average of 78. Oldenburg is a small community of 746 residents.

Housing costs are the biggest factor in Oldenburg's cost of living. The median monthly rent is $650 (51% below the US median of $1,319), and the median home value sits at $254,000 (17% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Oldenburg is $77,692, which is 3% higher than the national median of $75,149. Residents spend roughly 10% 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 Cincinnati, OH-KY-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.