Cost of Living in Kokomo, IN
Population 59,375 · Indiana · Data vintage 2023
(100 = US avg)
Kokomo lands reasonably close to national benchmarks on most cost indicators, with a median home value of $127,000 — 59% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Indiana.
Kokomo is about 35 miles north of Carmel, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 72% lower than Carmel's $456,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Kokomo
The median home value in Kokomo is $126,500 — 59% below the national median of $305,000. Median rent runs $917/month, 30% lower than the national median of $1,314/month. The median household income of $54,195/year is 27% lower than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Kokomo has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Kokomo, IN?
Kokomo has a cost index of 53 (100 = national average). It is 47% below the national average.
What is average rent in Kokomo, IN?
The median gross rent in Kokomo is $917 per month based on 2023 Census data.
What is the average home price in Kokomo?
The median home value in Kokomo is $126,500 according to Zillow and Census data.
What is the median income in Kokomo?
The median household income in Kokomo is $54,195 per year (2023 ACS 5-year estimates).
What is the sales tax in Kokomo, IN?
The combined state and local sales tax rate in Kokomo is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Kokomo, IN affordable?
Yes, Kokomo is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.
Kokomo at a Glance
- Population
- 59,375
- Median Income
- $54,195
- Home Value
- $126,500
- Median Rent
- $917/mo
- Unemployment
- 5.8%
- Sales Tax
- 7.0%
Explore county-level cost of living data
Indiana Rankings
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