Cost of Living in Homer, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
132.1
100 = national avg
+32.1 vs national average
Living Wage (1 Adult)
$58,105
per year
Living Wage (Family of 4)
$137,340
per year
Cost Index by Category
Housing44.7
Food159.0
Transportation218.0
Healthcare147.2
Utilities124.3
100 = national average. Higher = more expensive.
The overall cost of living index in Homer is 132.1, which is 32.1% above the national average. Housing costs are below the national average at an index of 44.7. A single adult needs to earn approximately $58,105 per year to cover basic expenses.