Cost of Living in Frankfort, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.9
100 = national avg
-15.1 vs national average
Living Wage (1 Adult)
$37,345
per year
Living Wage (Family of 4)
$88,269
per year
Cost Index by Category
Housing81.0
Food90.9
Transportation81.8
Healthcare92.7
Utilities90.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$804
per month
2 Bedroom
$1,007
per month
The overall cost of living index in Frankfort is 84.9, which is 15.1% below the national average. Housing costs are below the national average at an index of 81.0. A single adult needs to earn approximately $37,345 per year to cover basic expenses.