Cost of Living in Milroy, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.4
100 = national avg
-7.6 vs national average
Living Wage (1 Adult)
$40,645
per year
Living Wage (Family of 4)
$96,069
per year
Cost Index by Category
Housing49.1
Food112.6
Transportation125.2
Healthcare110.1
Utilities97.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$762
per month
2 Bedroom
$956
per month
The overall cost of living index in Milroy is 92.4, which is 7.6% below the national average. Housing costs are below the national average at an index of 49.1. A single adult needs to earn approximately $40,645 per year to cover basic expenses.