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 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Kokomo has a cost of living index that's 1.0x lower than Indiana's index of 90.
The standard of living in Kokomo ranks as #45 most affordable out of the 129 places we measured in Indiana. By definition, that implies Kokomo ranks as the #84 most expensive place in the Hoosier State.
For more reading on life in Kokomo, check out:
Kokomo Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Kokomo. Here is how it fares on each of the criteria:
The Services index in Kokomo is 98.
The Groceries index in Kokomo is 96.
The Health index in Kokomo is 61.
The Housing index in Kokomo is 101.
The Transportation index in Kokomo is 101.
The Utilities index in Kokomo is 96.
| Living Expense | Kokomo | Indiana | National Average |
|---|---|---|---|
| Overall | 87 | 90 | 100 |
| Services | 98 | 97 | 100 |
| Groceries | 96 | 95 | 100 |
| Health | 61 | 72 | 100 |
| Housing | 101 | 98 | 100 |
| Transportation | 101 | 94 | 100 |
| Utilities | 96 | 96 | 100 |
Kokomo Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Kokomo Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Kokomo, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Kokomo is $180,398.
The Median Rent in Kokomo is $939.
The Median Income in Kokomo is $55,360.
The Home Value To Income in Kokomo is 3.3x.
The Rent To Monthly Income in Kokomo is 0.2x.
Kokomo, IN Costs By Category
Detailed Kokomo Services costs vs. Indiana
Detailed Kokomo Groceries costs vs. Indiana
Detailed Kokomo Health costs vs. Indiana
Detailed Kokomo Transportation costs vs. Indiana
Kokomo SnackAbility
Cost Of Living In Cities Around Kokomo
The cost of living varies in the cities and towns around Kokomo. Here's a quick look at the cost of living in the most populous nearby places:
Carmel, IN has a cost of living index of 117, 1.3x Kokomo.
Noblesville, IN has a cost of living index of 103, 1.2x Kokomo.
Westfield, IN has a cost of living index of 112, 1.3x Kokomo.
| City | Population | Cost Of Living | Vs. Kokomo |
|---|---|---|---|
| Carmel, IN | 101,651 | 117 | 1.3x |
| Noblesville, IN | 73,362 | 103 | 1.2x |
| Westfield, IN | 54,677 | 112 | 1.3x |
| Lawrence, IN | 49,517 | 95 | 1.1x |
| West Lafayette, IN | 45,159 | 104 | 1.2x |
| Zionsville, IN | 32,095 | 122 | 1.4x |
| Brownsburg, IN | 31,215 | 102 | 1.2x |
| Middletown, KY | 9,763 | 108 | 1.2x |
| Cumberland, IN | 6,267 | 97 | 1.1x |
