Cost of Living in Straughn, IN

With a cost of living index of 91, Straughn, IN is slightly more affordable than average. Living here is 9% cheaper than the national average and 13% above the Indiana state average of 78. Straughn is a small community of 210 residents.

Housing costs are the biggest factor in Straughn's cost of living. The median monthly rent is $1,682 (28% above the US median of $1,319), and the median home value sits at $95,000 (69% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Straughn is $75,000, which is 0% higher than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.