Cost of living index

Kokomo, IN

89.6 / 100

Living in Kokomo, IN is 10.4% cheaper than the US average — the #296 of 387 highest nationally.

Median rent: $915/mo

Median home value: $151,500

Figures — including the cost index, median rent, and median home value — cover the wider Kokomo, IN metropolitan area, not individual neighbourhoods or city boundaries.

Seasonal weather

Winter

39° / 24°F

(4° / -4°C)

7.4 in precip

Spring

63° / 43°F

(17° / 6°C)

11.3 in precip

Summer

84° / 64°F

(29° / 18°C)

12.3 in precip

Fall

66° / 46°F

(19° / 8°C)

9.3 in precip

30-year climate normals (1991–2020) from MUNCIE DELAWARE CO AP, via NOAA.

What it costs to live in Kokomo, IN

The Kokomo, IN metro area has an overall price level of 89.6 compared with the national average of 100, meaning everyday costs run about 10.4% lower than a typical US metro. Housing tells the sharper story: at 59.3 it is 40.7% below the national average. Housing rents are often one of the largest sources of difference between metro areas, so this figure can have a significant impact when comparing locations.

Cost breakdown

Overall#296 of 387

89.6

Goods#272 of 387

94.3

Housing rents#328 of 387

59.3

Utilities#262 of 387

86.3

Other services#143 of 387

99.1

Kokomo, IN is moved down the most by housing rents, at 59.3 vs a US average of 100, while the closest to average is other services.

How Kokomo, IN compares

Other metros in Indiana

Bloomington, IN95.1 Columbus, IN93.0 Elkhart, IN90.3 Evansville, IN91.5 Fort Wayne, IN92.6 Indianapolis, IN95.7 Lafayette, IN93.4 Michigan City, IN91.7

See all 12 metros in Indiana →See the cheapest and most expensive US metros →

Data source

Figures on this page come from the US Bureau of Economic Analysis (BEA) Regional Price Parities dataset, 2024 — the most recent year published. An index of 100 marks the national average; a metro above 100 has higher prices than a typical US metro, below 100 lower. Median rent and median home value are from the US Census Bureau’s American Community Survey (ACS) 2023 5-year estimates, and seasonal weather is from NOAA’s 1991–2020 climate normals. These are regional figures only, not a complete personal budget — they don’t account for individual spending habits, taxes, or household circumstances. See the full methodology for how the index and salary-equivalent estimates are calculated.

Compare My City is an independent project and is not operated by, endorsed by, or affiliated with the Bureau of Economic Analysis, the Census Bureau, or NOAA.

Common questions

Is Kokomo, IN an expensive place to live?

Kokomo, IN has an overall cost-of-living index of 89.6, where 100 is the US average. That makes it about 10.4% cheaper than the country as a whole.

Is housing expensive in Kokomo, IN?

Housing rents in Kokomo, IN score 59.3 against a US average of 100 — roughly 40.7% below average. Housing rents are often the main driver of differences in overall price levels between metro areas.

How does Kokomo, IN compare to the US average cost of living?

Overall prices in Kokomo, IN sit at 89.6 versus 100 for the US average, with housing at 59.3. Figures come from the US Bureau of Economic Analysis for 2024.