Cost of Living in Cedar Lake, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
121.3
100 = national avg
+21.3 vs national average
Living Wage (1 Adult)
$53,380
per year
Living Wage (Family of 4)
$126,171
per year
Cost Index by Category
Housing132.3
Food110.5
Transportation121.0
Healthcare108.4
Utilities112.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,082
per month
2 Bedroom
$1,317
per month
The overall cost of living index in Cedar Lake is 121.3, which is 21.3% above the national average. Housing costs are above the national average at an index of 132.3. A single adult needs to earn approximately $53,380 per year to cover basic expenses.