Cost of Living in Garrett, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.0
100 = national avg
-7.0 vs national average
Living Wage (1 Adult)
$40,913
per year
Living Wage (Family of 4)
$96,703
per year
Cost Index by Category
Housing80.7
Food100.1
Transportation100.3
Healthcare100.1
Utilities96.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$732
per month
2 Bedroom
$960
per month
The overall cost of living index in Garrett is 93.0, which is 7.0% below the national average. Housing costs are below the national average at an index of 80.7. A single adult needs to earn approximately $40,913 per year to cover basic expenses.