Cost of Living in Martinsville, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.9
100 = national avg
-11.1 vs national average
Living Wage (1 Adult)
$39,129
per year
Living Wage (Family of 4)
$92,486
per year
Cost Index by Category
Housing87.0
Food92.9
Transportation85.9
Healthcare94.4
Utilities93.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Martinsville is 88.9, which is 11.1% below the national average. Housing costs are below the national average at an index of 87.0. A single adult needs to earn approximately $39,129 per year to cover basic expenses.