Cost of Living in Crawfordsville, IN
Crawfordsville cost of living index: 64.5 (below the US average). Median home price: $252,995.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
% below the national average
Housing
Data from 1 zip code
Housing costs in Crawfordsville, IN based on real market data from 1 local zip code.
Considering a move to Crawfordsville, IN? With a housing index of 64.3, the area is a balanced market, making it currently favorable for home buyers. The median home price stands at 252995.0, which is significantly lower than the national average, providing great potential for equity growth. Additionally, the average rent for a 2-bedroom apartment is 995.0, while renting a house averages . This information suggests that whether you prefer purchasing or renting, Crawfordsville presents an affordable option with room for your financial strategy.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Crawfordsville, IN could entail variable utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet. Expect to budget about $92.2 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Crawfordsville, IN
How far does your money go in Crawfordsville? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Crawfordsville
The adjusted purchasing power shows what a Crawfordsville, IN household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Crawfordsville, that's $46,918 ÷ 64.5 × 100 = $72,741. This means a household earning the median income in Crawfordsville has the equivalent buying power of $72,741 in a city where the cost of living index equals the national baseline of 100.
Crawfordsville is well below the national cost of living average at 64.5, making it one of the more affordable places to live in IN. The median income of $46,918 has an effective purchasing power of $72,741 — a meaningful boost that allows residents to save more, invest in real estate, or enjoy a higher standard of living compared to expensive metro areas.
Combined with a low poverty rate of 13% and healthy job market (3.5% unemployment), Crawfordsville offers strong value for families, investors, and anyone looking to relocate to a city where income goes further.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Crawfordsville
Pros
- • Active local events
- • Low crime rates
- • Friendly community
- • Good local schools
- • Diverse recreational activities
- • Strong family values
- • Nearby parks and trails
- • Growing job market
- • Low cost of living
- • Community support for families
Cons
- • School funding issues
- • Limited cultural diversity
- • Rural area, less urban vibe
- • Less public transportation
- • Locals may be less accepting
- • Limited nightlife options
- • Job market can be competitive
- • Fewer kids' activities available
- • High reliance on cars
- • Fewer dining options
💡City Insights
Crawfordsville scores 7/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile. Its strongest aspect is affordability, making it particularly suitable for budget-conscious buyers.
Frequently Asked Questions
What is the cost of living in Crawfordsville, IN? ▼
The cost of living in Crawfordsville, IN is 36% lower than the national average, with a cost of living index of 64 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Crawfordsville, IN? ▼
In Crawfordsville, IN, The median home price is $252,995. requiring approximately $97,070 annual income to afford. Average rent is $995/month (requiring ~$39,800/year income). The local median household income is $46,918, making homeownership challenging for typical residents. Explore Crawfordsville real estate data →
Is Crawfordsville, IN a safe place to live? ▼
Crawfordsville, IN is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Crawfordsville crime statistics →
What salary do you need to live comfortably in Crawfordsville, IN? ▼
To live comfortably in Crawfordsville, IN and afford a median-priced home of $252,995, you would typically need a household income of $63,249 to $79,061 per year. The local median household income is $46,918. Renting requires approximately $39,800/year (at $995/month). See full affordability analysis →
What are the best neighborhoods in Crawfordsville, IN? ▼
The best neighborhoods in Crawfordsville, IN depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $252,995 is below the national average.
How are the taxes in Crawfordsville, IN? ▼
Tax rates in Crawfordsville, IN include state and local components. The cost of living index of 64 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Crawfordsville tax information →
How does Crawfordsville, IN compare to nearby cities? ▼
Crawfordsville, IN offers a more affordable alternative to nearby communities. With a cost of living index of 64, median home prices of $252,995, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Crawfordsville, IN? ▼
Weather in Crawfordsville, IN varies by season. Climate data varies by season. View detailed Crawfordsville climate & environment data →
What factors affect cost of living in Crawfordsville, IN? ▼
The main factors affecting cost of living in Crawfordsville, IN include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Crawfordsville, IN.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 47933 | $252,995 | $1,077/mo | $995/mo | 132 | 45 |
Explore More About Crawfordsville, IN
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin