Cost of Living in Spring Lake, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.4
100 = national avg
-11.6 vs national average
Living Wage (1 Adult)
$38,918
per year
Living Wage (Family of 4)
$91,987
per year
Cost Index by Category
Housing75.1
Food95.5
Transportation101.8
Healthcare96.4
Utilities92.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Spring Lake is 88.4, which is 11.6% below the national average. Housing costs are below the national average at an index of 75.1. A single adult needs to earn approximately $38,918 per year to cover basic expenses.