Indiana, known for its affordability and friendly communities, offers several cities that are attractive options for those seeking an affordable cost of living. Here are the top 8 cheapest places to live in Indiana, along with insights into their unique qualities and cost of housing.
Top 8 Cheapest Places to Live in Indiana
- Monticello
- Vincennes
- Peru
- Auburn
- Kendallville
- Logansport
- Decatur
- Wabash
Monticello
Nestled in the heart of Indiana, Monticello is a charming city with a population of around 5,534 residents. This picturesque town boasts an abundance of outdoor recreation opportunities, including Lake Shafer and Lake Freeman, which are perfect for boating, fishing, and swimming.
Monticello's affordable housing market presents buyers with an average home price of $135k, making it an ideal place for those looking to settle down. For renters, the average monthly cost for an apartment is around $800.
Vincennes
Steeped in history, Vincennes is a city of approximately 16,344 people and is renowned for its rich heritage. Home to the George Rogers Clark National Historical Park and the Red Skelton Museum of American Comedy, Vincennes offers a range of cultural attractions.
The cost of living in Vincennes is affordable, with the average home price at $123k. Renting an apartment here averages around $700 per month.
Peru
Situated in north-central Indiana, Peru is a tight-knit community with a population of around 11,186. This city provides a delightful blend of small-town charm and natural beauty. Outdoor enthusiasts can explore the Mississinewa Riverwalk or enjoy fishing and camping at Mississinewa Lake.
The average home price in Peru is approximately $126k, while renting an apartment costs around $750 per month.
Auburn
Auburn, known as the "Home of the Classics," is a city of around 13,697 residents. It offers a unique charm with its historic downtown district and numerous classic car museums. Auburn is also a hub for outdoor enthusiasts, with nearby attractions like DeKalb County Horseman's Association Trails and the Chain O' Lakes State Park.
The average home price in Auburn is $150k, while renting an apartment averages around $900 per month.
Kendallville
Located in northeastern Indiana, Kendallville is a welcoming city with a population of approximately 10,102 people. This tight-knit community boasts a vibrant downtown area and a variety of parks and trails for outdoor recreation.
Kendallville offers affordable housing options, with the average home price at $115k. Renting an apartment here costs around $700 per month.
Logansport
Situated along the Wabash River, Logansport is a city of around 18,080 residents that offers a blend of natural beauty and historical landmarks. The city is home to France Park, a popular destination for swimming, hiking, and camping.
Logansport's housing market is affordable, with the average home price around $89k. Renting an apartment in Logansport averages approximately $700 per month.
Decatur
Decatur, a city with a population of around 10,008, is located in northeastern Indiana. It offers a small-town atmosphere with friendly neighborhoods and a historic downtown district. Outdoor enthusiasts can explore the nearby Ouabache State Park or enjoy a round of golf at the Decatur Golf Club.
The average home price in Decatur is $129k, while renting an apartment costs around $800 per month.
Wabash
Wabash, known as the "First Electrically Lighted City in the World," is a city of approximately 10,267 residents. It boasts a rich history, evident in its well-preserved downtown area and the famous Honeywell Center, which hosts various cultural events. Wabash is surrounded by natural beauty, including Paradise Spring Historical Park and Salamonie Reservoir.
The average home price in Wabash is around $95k, while renting an apartment averages approximately $700 per month.
