Cost of Living in Prospect, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.7
100 = national avg
-1.3 vs national average
Living Wage (1 Adult)
$43,445
per year
Living Wage (Family of 4)
$102,688
per year
Cost Index by Category
Housing114.7
Transportation57.7
Utilities104.4
100 = national average. Higher = more expensive.
The overall cost of living index in Prospect is 98.7, which is 1.3% below the national average. Housing costs are above the national average at an index of 114.7. A single adult needs to earn approximately $43,445 per year to cover basic expenses.