Cost of Living in Michigan City, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.9
100 = national avg
-14.1 vs national average
Living Wage (1 Adult)
$37,815
per year
Living Wage (Family of 4)
$89,382
per year
Cost Index by Category
Housing84.9
Food90.5
Transportation81.0
Healthcare92.4
Utilities91.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$953
per month
2 Bedroom
$1,152
per month
The overall cost of living index in Michigan City is 85.9, which is 14.1% below the national average. Housing costs are below the national average at an index of 84.9. A single adult needs to earn approximately $37,815 per year to cover basic expenses.