Cost of Living in Kokomo, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.3
100 = national avg
-13.7 vs national average
Living Wage (1 Adult)
$37,953
per year
Living Wage (Family of 4)
$89,708
per year
Cost Index by Category
Housing83.8
Food91.4
Transportation82.1
Healthcare93.1
Utilities91.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$890
per month
2 Bedroom
$1,123
per month
The overall cost of living index in Kokomo is 86.3, which is 13.7% below the national average. Housing costs are below the national average at an index of 83.8. A single adult needs to earn approximately $37,953 per year to cover basic expenses.