Niche.com, an online neighborhood analysis platform, announced that South Bend has the second lowest cost of living in the country, trailing only Fort Wayne. The analysis included 228 American cities. Three of the top five cities are in Indiana, with Evansville, ranking fifth.
According to Niche, the 2018 Places with the Lowest Cost of Living ranking provides a comprehensive assessment of the affordability of an area. This grade takes into account key factors, including a location’s housing, food, fuel costs and median tax rates.
According to South Bend Regional Chamber President and CEO Jeff Rea, this is an important factor as Indiana and the South Bend Region seek to attract new talent to the area and new businesses to the community. “Indiana has made great strides in recent years in creating the type of business climate that is attractive to new investors. Cost is an important factor and a key determining factor for decision makers. Lists like this become important to our marketing efforts as we seek to differentiate ourselves from the 8,000 other communities seeking to attract the same jobs and capital investment.”