Cost of Living in New Market, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.5
100 = national avg
-1.5 vs national average
Living Wage (1 Adult)
$43,349
per year
Living Wage (Family of 4)
$102,461
per year
Cost Index by Category
Housing87.3
Food105.7
Transportation98.9
Healthcare104.6
Utilities100.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$807
per month
2 Bedroom
$966
per month
The overall cost of living index in New Market is 98.5, which is 1.5% below the national average. Housing costs are below the national average at an index of 87.3. A single adult needs to earn approximately $43,349 per year to cover basic expenses.