Cost of Living in Elwood, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.0
100 = national avg
-18.0 vs national average
Living Wage (1 Adult)
$36,075
per year
Living Wage (Family of 4)
$85,268
per year
Cost Index by Category
Housing72.2
Food91.3
Transportation82.7
Healthcare93.1
Utilities89.2
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 Elwood is 82.0, which is 18.0% below the national average. Housing costs are below the national average at an index of 72.2. A single adult needs to earn approximately $36,075 per year to cover basic expenses.