Cost of Living in Advance, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.1
100 = national avg
+1.1 vs national average
Living Wage (1 Adult)
$44,478
per year
Living Wage (Family of 4)
$105,129
per year
Cost Index by Category
Housing96.6
Food99.7
Transportation116.8
Healthcare99.7
Utilities99.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Advance is 101.1, which is 1.1% above the national average. Housing costs are below the national average at an index of 96.6. A single adult needs to earn approximately $44,478 per year to cover basic expenses.