Cost of Living in Waveland, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.0
100 = national avg
-12.0 vs national average
Living Wage (1 Adult)
$38,737
per year
Living Wage (Family of 4)
$91,560
per year
Cost Index by Category
Housing75.9
Food96.6
Transportation93.2
Healthcare97.3
Utilities93.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$807
per month
2 Bedroom
$966
per month
The overall cost of living index in Waveland is 88.0, which is 12.0% below the national average. Housing costs are below the national average at an index of 75.9. A single adult needs to earn approximately $38,737 per year to cover basic expenses.