Cost of Living in Anderson, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.9
100 = national avg
-17.1 vs national average
Living Wage (1 Adult)
$36,492
per year
Living Wage (Family of 4)
$86,255
per year
Cost Index by Category
Housing79.4
Food86.1
Transportation91.8
Healthcare88.9
Utilities87.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$919
per month
2 Bedroom
$1,206
per month
The overall cost of living index in Anderson is 82.9, which is 17.1% below the national average. Housing costs are below the national average at an index of 79.4. A single adult needs to earn approximately $36,492 per year to cover basic expenses.