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Cost of Living in West Point, IN

Population: 231 | Indiana

84
Cost of Living Index
US Average = 100

West Point is 16% less expensive than the national average.

100
Housing
46
Home Values
91
Regional Price

Cost of Living in West Point, IN: What You Need to Know

With a cost of living index of 84, West Point, IN is a very affordable place to live. Living here is 16% cheaper than the national average and 5% above the Indiana state average of 78. West Point is a small community of 231 residents.

The median household income in West Point is $122,689, which is 63% higher than the national median of $75,149.

Everyday prices in the Lafayette-West Lafayette, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$122,689
vs US Median ($75,149)
+63%

Housing

Median Home Value
$140,700
Median Monthly Housing Cost
$908/mo

Everyday Prices in West Point

BLS Average Prices for the Lafayette-West Lafayette, IN (Metropolitan Statistical Area) area

⛽
$2.91
Gasoline (regular)
per gallon
-5% vs US
🥚
$2.37
Eggs (grade A, large)
per dozen
-5% vs US
🥛
$3.82
Milk (whole)
per gallon
-5% vs US
🍞
$1.75
Bread (white)
per lb
-5% vs US
🍗
$3.93
Chicken breast
per lb
-5% vs US
⚡
$0.16
Electricity
per kWh
-15% vs US
→ Best Places to Live in Indiana (2026)

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