Cost of living in New Chicago, Indiana

New Chicago, Indiana has about 2,225 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $134,100.

HUD's fair-market rent for a 2-bedroom in Lake County is $1,429 a month. That is the county number, not an apartment listing in New Chicago. It runs from October 2026 through September 2027.

In the Chicago-Naperville-Elgin, IL-IN metro area, prices sit at 103.6 when the U.S. average is 100. That is a 2024 BEA index.

Indiana taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not New Chicago's exact store tax.

Some places in Indiana add a local wage tax. In 2023 the state average was about 0.35% of income. That is not a New Chicago bill.

In July 2026, a typical Indiana home paid 16.73¢ per kilowatt-hour. That is a state average from EIA, not New Chicago's bill.

EIA does not publish a Indiana gasoline price. For the week of October 12, 2026, the Midwest (PADD 2) all-grades price was $4.237 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,033.76 a year. Those miles are our standard, not a Census figure, and every town in Indiana shares this price.

Among 320 places we list in Indiana with a rent figure, 64 have higher typical rent than New Chicago.