Cost of Living in Roanoke, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.5
100 = national avg
-0.5 vs national average
Living Wage (1 Adult)
$43,778
per year
Living Wage (Family of 4)
$103,475
per year
Cost Index by Category
Housing84.9
Food105.7
Transportation111.4
Healthcare104.6
Utilities100.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$956
per month
The overall cost of living index in Roanoke is 99.5, which is 0.5% below the national average. Housing costs are below the national average at an index of 84.9. A single adult needs to earn approximately $43,778 per year to cover basic expenses.