Cost of Living in Elizabeth, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.1
100 = national avg
+13.1 vs national average
Living Wage (1 Adult)
$49,780
per year
Living Wage (Family of 4)
$117,663
per year
Cost Index by Category
Housing95.4
Food114.8
Transportation140.7
Healthcare111.8
Utilities108.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,047
per month
2 Bedroom
$1,272
per month
The overall cost of living index in Elizabeth is 113.1, which is 13.1% above the national average. Housing costs are below the national average at an index of 95.4. A single adult needs to earn approximately $49,780 per year to cover basic expenses.