Cost of Living in Newberry, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.6
100 = national avg
-29.4 vs national average
Living Wage (1 Adult)
$31,057
per year
Living Wage (Family of 4)
$73,406
per year
Cost Index by Category
Housing43.9
Food88.5
Transportation87.8
Healthcare90.8
Utilities81.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Newberry is 70.6, which is 29.4% below the national average. Housing costs are below the national average at an index of 43.9. A single adult needs to earn approximately $31,057 per year to cover basic expenses.