Cost of Living in New Amsterdam, Indiana
New Amsterdam is a town in Harrison County, Indiana, with a population of 23. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in New Amsterdam is $32,909 a year — about the same as the annual cost of living for Indiana of $32,867 yet less than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in New Amsterdam and over 29,000 other cities and towns in the US.
Transportation Costs in New Amsterdam, Indiana
Transportation can also be a significant component of cost of living. In New Amsterdam, 100.00% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 100.00% of workers commute to jobs outside of New Amsterdam, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in New Amsterdam is N minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in New Amsterdam spends $11,514 a year on transportation, more than the national average of $9,760.
Health Care Costs in New Amsterdam, Indiana
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far lower than they are on average nationwide in New Amsterdam and also well below what they are across Indiana as a whole.
For a single adult living in the area, average health care costs come out to $3,205 per year, compared to an average of $3,836 across Indiana and $4,266 nationwide.
Child care Costs in New Amsterdam, Indiana
For families with children, child care adds thousands of dollars to overall annual spending. In New Amsterdam, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $17,349, about $400 more than the comparable average of $16,924 across all of Indiana. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in New Amsterdam, Indiana
Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.
In New Amsterdam, a single adult spends an average of $2,922 on food annually, and a family of four spends $8,439 on average. For context, average annual food expenditure across Indiana and the U.S., respectively, are $2,872 and $3,240 for a single adult, and $8,295 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in New Amsterdam, Indiana
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in New Amsterdam, Indiana pays $5,377 annually — closely in line with the statewide average of $5,366.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, New Amsterdam residents live in a state with a low average tax burden. Per capita state tax collections in Indiana total $2,899 per year, compared to the $3,151 average across all states.
To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.
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