Cost of Living in New Chicago, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.8
100 = national avg
-9.2 vs national average
Living Wage (1 Adult)
$39,938
per year
Living Wage (Family of 4)
$94,400
per year
Cost Index by Category
Housing94.8
Food91.8
Transportation83.6
Healthcare93.4
Utilities94.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,082
per month
2 Bedroom
$1,317
per month
The overall cost of living index in New Chicago is 90.8, which is 9.2% below the national average. Housing costs are below the national average at an index of 94.8. A single adult needs to earn approximately $39,938 per year to cover basic expenses.