Cost of Living in Shelby, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.6
100 = national avg
-22.4 vs national average
Living Wage (1 Adult)
$34,141
per year
Living Wage (Family of 4)
$80,698
per year
Cost Index by Category
Housing59.5
Food91.7
Transportation83.3
Healthcare93.3
Utilities86.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,082
per month
2 Bedroom
$1,317
per month
The overall cost of living index in Shelby is 77.6, which is 22.4% below the national average. Housing costs are below the national average at an index of 59.5. A single adult needs to earn approximately $34,141 per year to cover basic expenses.