Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $23,105 | $51,523 |
| Annual taxes | $4,850 | $10,816 |
| Required annual income before taxes | $27,955 | $62,339 |
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How much do you need to live in Indiana?
The study says you need to earn $46,016 a year to have enough money for needs and wants. However, the median income for the city is $42,076, a shortfall of $3,940. It’s important to note that the study’s calculation does not include taxes.
What is a good yearly salary in Indiana?
According to CityRating.com the average salary in the state of Indiana is $41,660. The United States city average is $49,808. Career Trends lists dozens of jobs and occupations with their corresponding annual salaries in the state of Indiana.
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
What is the average cost of living raise in Indiana?
Did the Cost of Living in Indianapolis, IN increase in 2021? Indianapolis, IN area prices were up 1.3% from a year ago. The largest increases were found in Transportation, Food, and Housing.
How cheap is it to live in Indiana?
An amount below 100 means Indiana is cheaper than the US average.
Indiana cost of living is 82.1.
| COST OF LIVING | Indiana | United States |
|---|---|---|
| Overall | 82.1 | 100 |
| Grocery | 92.9 | 100 |
| Health | 82.2 | 100 |
| Housing | 61.7 | 100 |
What salary is needed to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
What is a liveable salary in Indiana?
Living Wage Calculation for Indiana
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $13.44 | $21.19 |
| Poverty Wage | $6.13 | $7.38 |
| Minimum Wage | $7.25 | $7.25 |
What is middle class in Indiana?
The common approach is to categorize the middle class as the group of earners at the center of the earnings scale, or the median.
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| State | Middle-class income | Median household income |
|---|---|---|
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
| Arkansas | $40,928 | $48,952 |
Is it cheaper to live in Indiana or Tennessee?
The cost of living in Nashville, TN is 0.8% higher than in Indianapolis, IN. You would have to earn a salary of $60,453 to maintain your current standard of living. Employers in Nashville, TN typically pay -4.5% less than employers in Indianapolis, IN.
How much is 37 000 a year hourly?
$37,000 a year is how much per hour? If you make $37,000 per year, your hourly salary would be $18.97. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.
Is 75k a good salary?
According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
Is 22 an hour a good salary?
How Much Is 22 Dollars An Hour Per Year?If you are working a full-time job, you will be working 40 hours per week on average. 40 hours multiplied by 52 weeks is 2,080 working hours in a year. $22 per hour multiplied by 2,080 working hours per year is an annual income of $45,760 per year.
How much are utilities in Indiana?
The website that aims to help movers estimates Indiana residents pay an average of $411.36 a month for utilities: $108.09 for electricity, $103.17 for natural gas, $60.16 for internet, $100 for cable television, and $40 for water.
Is living in Indiana expensive?
With an overall cost of living index of 90.4, Indiana comes in at number ten for most affordable cost of living in the U.S, but that definitely doesn’t mean it’s expensive!The median price for a house in the Hoosier State is $142,600, while $662 is the average monthly rent for a one-bedroom apartment.
Is Indiana a cheap state to live in?
Indiana
Rounding out the top ten cheapest U.S. states is Indiana. Indiana’s living index cost is 90.4, meaning that the overall cost of living is 9.6% less than the national average. Indiana’s housing index is low at 76.5. A two-bedroom apartment is around $750 a month, and the average home value is about $169,156.
What is the cheapest city in Indiana to live in?
3 Indiana cities make ‘cheapest places to live’ list, 1 tops it
- Terre Haute. Terre Haute made the list in 14th place.
- Lafayette – West Lafayette. Cheap goods and services and a college town to boot!
- Elkhart – Goshen. The Elkhart – Goshen area actually came in No.
What is the best small town to live in Indiana?
You Won’t Believe the Charm in These 20 Small Indiana Towns
- Franklin. Voted as the home of Indiana’s best main street, Franklin is the county seat of Johnson County (just south of Indianapolis) and is home to 25,000 Hoosiers.
- Madison.
- Angola.
- Corydon.
- Wabash.
- Aurora.
- Auburn.
- Nashville.
What is the most affordable place to live in Indiana?
The cheapest cities in Indiana for renters
- Fort Wayne. Average 1-BR rent price: $693.
- Evansville. Average 1-BR rent price: $702.
- Muncie. Photo source: City of Muncie / Facebook.
- Greenwood. Photo source: Greenwood, Indiana / Facebook.
- South Bend. Photo source: Visit South Bend / Facebook.
- West Lafayette.
- Kokomo.
- Mishawaka.
Is 110000 a good salary?
If you wonder is $110,000 a year is a good salary, consider this. The minimum wage in the United States is $7.25 an hour. If you make $110,000 a year, you make $52.88 per hour – you make more than 7 times the minimum wage.
Is $70000 a good salary for a single person?
According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018.An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
