Cost of Living in Fairmount, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.5
100 = national avg
-24.5 vs national average
Living Wage (1 Adult)
$33,210
per year
Living Wage (Family of 4)
$78,497
per year
Cost Index by Category
Housing71.0
Food84.5
Transportation69.0
Healthcare87.6
Utilities84.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$767
per month
2 Bedroom
$956
per month
The overall cost of living index in Fairmount is 75.5, which is 24.5% below the national average. Housing costs are below the national average at an index of 71.0. A single adult needs to earn approximately $33,210 per year to cover basic expenses.