Cost of Living in Troy, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.6
100 = national avg
-19.4 vs national average
Living Wage (1 Adult)
$35,450
per year
Living Wage (Family of 4)
$83,790
per year
Cost Index by Category
Housing75.8
Food88.2
Transportation76.4
Healthcare90.6
Utilities88.1
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 Troy is 80.6, which is 19.4% below the national average. Housing costs are below the national average at an index of 75.8. A single adult needs to earn approximately $35,450 per year to cover basic expenses.