Kokomo, IN Cost Of Living

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Updated: 2020-03-08
Kokomo's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Kokomo is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Kokomo, IN?

According to the most recent data on the cost of living, Kokomo has an overall cost of living index of 81 which is 0.8x lower than the national index of 100.

Compared to only Indiana, Kokomo has a cost of living index that's 0.9x lower than Indiana's index of 89.

The standard of living in Kokomo ranks as #305 most affordable out of the 6522 places we measured in Indiana. By definition, that implies Kokomo ranks as the #6102 most expensive place in the Hoosier State.

For more reading on life in Kokomo, check out:

Kokomo Cost Of Living Vs. Indiana

Living Expense Kokomo Indiana National Average
Overall 81 89 100
Services 90 97 100
Groceries 89 92 100
Health 103 94 100
Housing 52 72 100
Transportation 97 100 100
Utilities 99 99 100
For more reading on cost of living around Indiana, check out:
Kokomo Cost of Living Vs. IN

Kokomo, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Kokomo Indiana United States
Median Home Value $87,100 $135,400 $204,900
Median Rent $692 $807 $1,023
Median Income $43,558 $54,325 $60,293
Home Value To Income 2.0x 2.5x 3.4x
Rent To Monthly Income 0.19x 0.18x 0.2x

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Cost Of Living In Cities Around Kokomo

City Population Cost Of Living Vs. Kokomo
Carmel, IN 90,163 114 1.4x
Fishers, IN 88,717 105 1.3x
Noblesville, IN 61,558 98 1.2x
Lawrence, IN 48,405 90 1.1x
West Lafayette, IN 47,224 99 1.2x
Westfield, IN 37,769 105 1.3x
Zionsville, IN 26,209 119 1.5x
Brownsburg, IN 25,264 95 1.2x
Middletown, KY 7,865 101 1.2x
Cumberland, IN 5,792 93 1.1x

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