Cost of Living in Economy, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.2
100 = national avg
-23.8 vs national average
Living Wage (1 Adult)
$33,511
per year
Living Wage (Family of 4)
$79,209
per year
Cost Index by Category
Housing55.6
Food83.7
Transportation114.8
Healthcare86.9
Utilities81.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Economy is 76.2, which is 23.8% below the national average. Housing costs are below the national average at an index of 55.6. A single adult needs to earn approximately $33,511 per year to cover basic expenses.