Cost of Living in Redkey, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.0
100 = national avg
-26.0 vs national average
Living Wage (1 Adult)
$32,581
per year
Living Wage (Family of 4)
$77,011
per year
Cost Index by Category
Housing68.2
Food81.1
Transportation79.7
Healthcare84.9
Utilities82.3
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 Redkey is 74.0, which is 26.0% below the national average. Housing costs are below the national average at an index of 68.2. A single adult needs to earn approximately $32,581 per year to cover basic expenses.