Cost of Living in Wheeler, IN
Population: 135 | Indiana
Wheeler is 12% less expensive than the national average.
Cost of Living in Wheeler, IN: What You Need to Know
With a cost of living index of 88, Wheeler, IN is a very affordable place to live. Living here is 12% cheaper than the national average and 9% above the Indiana state average of 78. Wheeler is a small community of 135 residents.
The median household income in Wheeler is $36,184, which is 52% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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
- $36,184
- vs US Median ($75,149)
- -52%
Housing
- Median Home Value
- $143,200
- Median Monthly Housing Cost
- $542/mo
Everyday Prices in Wheeler
BLS Average Prices for the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) area