Cost of Living in Hoffman Lake, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.3
100 = national avg
+9.3 vs national average
Living Wage (1 Adult)
$48,097
per year
Living Wage (Family of 4)
$113,683
per year
Cost Index by Category
Housing95.9
Food116.3
Transportation108.2
Healthcare113.0
Utilities108.9
100 = national average. Higher = more expensive.
The overall cost of living index in Hoffman Lake is 109.3, which is 9.3% above the national average. Housing costs are below the national average at an index of 95.9. A single adult needs to earn approximately $48,097 per year to cover basic expenses.