Cost of Living in Petroleum, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
43.8
100 = national avg
-56.2 vs national average
Living Wage (1 Adult)
$19,281
per year
Living Wage (Family of 4)
$45,574
per year
Cost Index by Category
Housing33.5
Utilities80.0
100 = national average. Higher = more expensive.
The overall cost of living index in Petroleum is 43.8, which is 56.2% below the national average. Housing costs are below the national average at an index of 33.5. A single adult needs to earn approximately $19,281 per year to cover basic expenses.