Can you guess the most expensive place to live in Indiana?. The cost of living in Indiana is much lower than in other states. However, that doesn’t mean that it’s not hard to get by day to day. A lot of us have felt the struggle of living paycheck to paycheck. It’s not a secret that the cost of living is high, and going up. Inflation has caused so much to be more expensive than it has ever been in the past. It makes it hard to pay your bills, buy groceries, and fill up your gas tank when everything is getting more pricey, but your paycheck remains the same.