Cost of Living in Hanover, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.7
100 = national avg
-11.3 vs national average
Living Wage (1 Adult)
$39,050
per year
Living Wage (Family of 4)
$92,300
per year
Cost Index by Category
Housing82.9
Food94.5
Transportation89.0
Healthcare95.6
Utilities93.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$971
per month
The overall cost of living index in Hanover is 88.7, which is 11.3% below the national average. Housing costs are below the national average at an index of 82.9. A single adult needs to earn approximately $39,050 per year to cover basic expenses.