Cost of Living in Lapel, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.7
100 = national avg
+14.7 vs national average
Living Wage (1 Adult)
$50,482
per year
Living Wage (Family of 4)
$119,320
per year
Cost Index by Category
Housing117.5
Food109.3
Transportation118.6
Healthcare107.4
Utilities109.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$919
per month
2 Bedroom
$1,206
per month
The overall cost of living index in Lapel is 114.7, which is 14.7% above the national average. Housing costs are above the national average at an index of 117.5. A single adult needs to earn approximately $50,482 per year to cover basic expenses.