Cost of Living in Freetown, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
60.3
100 = national avg
-39.7 vs national average
Living Wage (1 Adult)
$26,521
per year
Living Wage (Family of 4)
$62,687
per year
Cost Index by Category
Housing53.0
Utilities85.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$807
per month
2 Bedroom
$1,059
per month
The overall cost of living index in Freetown is 60.3, which is 39.7% below the national average. Housing costs are below the national average at an index of 53.0. A single adult needs to earn approximately $26,521 per year to cover basic expenses.