Cost of Living in West Point, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.1
100 = national avg
+18.1 vs national average
Living Wage (1 Adult)
$51,958
per year
Living Wage (Family of 4)
$122,810
per year
Cost Index by Category
Housing65.3
Food143.8
Transportation133.9
Healthcare135.0
Utilities119.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,032
per month
2 Bedroom
$1,242
per month
The overall cost of living index in West Point is 118.1, which is 18.1% above the national average. Housing costs are below the national average at an index of 65.3. A single adult needs to earn approximately $51,958 per year to cover basic expenses.