Cost of Living in Paragon, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.5
100 = national avg
-9.5 vs national average
Living Wage (1 Adult)
$39,825
per year
Living Wage (Family of 4)
$94,131
per year
Cost Index by Category
Housing78.3
Transportation117.1
Utilities93.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Paragon is 90.5, which is 9.5% below the national average. Housing costs are below the national average at an index of 78.3. A single adult needs to earn approximately $39,825 per year to cover basic expenses.