Cost of Living in Hope, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.6
100 = national avg
-0.4 vs national average
Living Wage (1 Adult)
$43,805
per year
Living Wage (Family of 4)
$103,539
per year
Cost Index by Category
Housing94.0
Food102.0
Transportation104.0
Healthcare101.6
Utilities100.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,257
per month
2 Bedroom
$1,415
per month
The overall cost of living index in Hope is 99.6, which is 0.4% below the national average. Housing costs are below the national average at an index of 94.0. A single adult needs to earn approximately $43,805 per year to cover basic expenses.