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Cost of Living in Fishers, IN

Population 102,337 · Census ACS 2020–2024 5-year estimates

Median rent$1,611
Median home value$391,000
Median household income$130,203

The median rent in Fishers, IN is $1,611/month, 52% higher than the Indiana median and 14% higher than the U.S. median. The median home value is $391,000, 18% higher than the national median. Households earn a median of $130,203 a year, 81% higher than the state median.

Affordability

Rent as a share of median income: 14.8%
Income needed for median rent (30% rule): $64,440/yr
Home price-to-income ratio: 3.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,977/mo

Run your own numbers: mortgage calculator · hourly to salary

Fishers vs. Indiana vs. U.S.

FishersIndianaU.S.
Median rent$1,611$1,062$1,413
Median home value$391,000$218,200$332,700
Median household income$130,203$71,957$80,734
Homeownership rate76.2%70.6%65.2%
Bachelor's degree or higher66.4%29.5%35.7%
Poverty rate4.0%12.3%12.5%
Unemployment rate2.8%4.3%5.2%
Work from home25.5%10.7%15.1%
Median age37.638.138.9

FAQ

What is the average rent in Fishers, IN?

The median gross rent in Fishers, IN is $1,611 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Fishers, IN?

Using the common 30% rule, renting a median-priced home takes about $64,440 a year in gross income.

Is Fishers, IN expensive to live in?

Rent there is 14% higher than the U.S. median, and the median home costs about 3.0 times the median household income.

Other cities in Indiana

Indianapolis city, INRent $1,156 · Income $66,219Fort Wayne, INRent $999 · Income $61,422Evansville, INRent $975 · Income $53,387South Bend, INRent $1,033 · Income $55,786Carmel, INRent $1,712 · Income $141,505Bloomington, INRent $1,200 · Income $50,465

Cities with a similar cost of living

Rosemount, MNRent $1,640 · Income $129,625Hilliard, OHRent $1,632 · Income $128,189South Elgin, ILRent $1,640 · Income $127,203Chesterfield, MORent $1,644 · Income $133,037Evans, GARent $1,617 · Income $125,098Niskayuna, NYRent $1,589 · Income $134,052

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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