Home / Indiana / Underwood

Cost of Living in Underwood, IN

Population: 1,140 | Indiana

87
Cost of Living Index
US Average = 100

Underwood is 13% less expensive than the national average.

100
Housing
59
Home Values
93
Regional Price

Cost of Living in Underwood, IN: What You Need to Know

With a cost of living index of 87, Underwood, IN is a very affordable place to live. Living here is 13% cheaper than the national average and 9% above the Indiana state average of 78. Underwood is a small community of 1,140 residents.

The median household income in Underwood is $61,818, which is 18% lower than the national median of $75,149. 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.

Income

Median Household Income
$61,818
vs US Median ($75,149)
-18%

Housing

Median Home Value
$181,300
Median Monthly Housing Cost
$1,060/mo
→ Best Places to Live in Indiana (2026)

Compare Underwood With

Fort Branch
IN
75
Newburgh
IN
76
Sheridan
IN
72
Ossian
IN
74
Paoli
IN
69
Syracuse
IN
78
Roselawn
IN
80
Smithville-Sanders
IN
84
Attica
IN
63
Country Squire Lakes
IN
72