Cost of Living in Elwood, IN
Overall index: 60 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 27 | -73% | $587 |
| Transportation | 107 | +7% | $3.50 |
| Food | 72 | -28% | $295 |
| Utilities | 64 | -36% | $49 |
| Healthcare | 64 | -36% | $35 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Elwood?
A single adult living comfortably in Elwood, IN needs approximately $21,000 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Elwood, IN?
The overall cost of living in Elwood, IN is 40% lower than the US national average (index: 60 where 100 = national average).
How much is rent in Elwood, IN?
Average rent for a 1-bedroom apartment in Elwood, IN is about $587/month.
Is Elwood, IN expensive to live in?
No, Elwood, IN is affordable (below national average).
What salary do I need to live in Elwood, IN?
A single adult needs roughly $21,000/year to cover basic living costs in Elwood, IN.