Compare cities and metro areas ranked by the 2024 BEA cost-of-living index in Indiana. 12 metro areas are available.
According to the U.S. Bureau of Economic Analysis, Terre Haute, IN has the lowest overall Regional Price Parity in this Indiana ranking at 87.8. The national average is 100, so this comparison identifies the lowest relative price level among the metro areas BEA reports; it does not estimate a household budget or citywide inflation.
A data-shaped reading
The sequence below follows the strongest decision signal in this state's component mix, metro spread, retained-release movement, and national-benchmark coverage.
Strength of the lead
Only 0.4 index points separate Terre Haute, IN from Muncie, IN. Treat rank number one as a shortlist signal, not a decisive winner: a later BEA release or a household that weights rent differently could reverse the order. The full listed range is 7.9 points.
Component driver
Terre Haute, IN's rents index is 51.9, compared with 94.3 for goods and 86.6 for services. That places housing 35.9 points below the metro's overall index. This is a deep housing-led discount, so renters capture much more of the headline advantage than owners with a fixed mortgage.
Latest retained release
From 2023 to 2024, Terre Haute, IN's overall RPP fell by 0.5 points. The largest component move was rents, which changed by -4.9 points. Because RPP is relative to the national price level, this describes movement against the U.S. benchmark, not literal deflation or inflation in a household's bills.
National benchmark coverage
All 12 metros in this ranking sit below 100, with an average overall index of 91.8. That makes the low-price pattern broader than a single outlier. It still does not cover nonmetro communities, and a lower price level says nothing by itself about local wages.
| # | Metro | Overall |
|---|---|---|
| 1 | Terre Haute, IN | 87.8 |
| 2 | Muncie, IN | 88.1 |
| 3 | Kokomo, IN | 89.6 |
| 4 | Elkhart-Goshen, IN | 90.3 |
| 5 | Evansville, IN | 91.5 |
| 6 | Michigan City-La Porte, IN | 91.7 |
| 7 | Fort Wayne, IN | 92.6 |
| 8 | South Bend-Mishawaka, IN-MI | 92.9 |
| 9 | Columbus, IN | 93.0 |
| 10 | Lafayette-West Lafayette, IN | 93.4 |
| 11 | Bloomington, IN | 95.1 |
| 12 | Indianapolis-Carmel-Greenwood, IN | 95.7 |
Source: Bureau of Economic Analysis, Regional Price Parities Index where national average = 100
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.