Cost of Living in Michigantown, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.7
100 = national avg
-0.3 vs national average
Living Wage (1 Adult)
$43,873
per year
Living Wage (Family of 4)
$103,700
per year
Cost Index by Category
Housing84.9
Food106.0
Transportation111.9
Healthcare104.8
Utilities100.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$804
per month
2 Bedroom
$1,007
per month
The overall cost of living index in Michigantown is 99.7, which is 0.3% below the national average. Housing costs are below the national average at an index of 84.9. A single adult needs to earn approximately $43,873 per year to cover basic expenses.