Cost of Living in Fort Wayne, IN
Population 268,589 · Census ACS 2020–2024 5-year estimates
The median rent in Fort Wayne, IN is $999/month, 6% lower than the Indiana median and 29% lower than the U.S. median. The median home value is $188,900, 43% lower than the national median. Households earn a median of $61,422 a year, 15% lower than the state median.
Affordability
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Fort Wayne vs. Indiana vs. U.S.
| Fort Wayne | Indiana | U.S. | |
|---|---|---|---|
| Median rent | $999 | $1,062 | $1,413 |
| Median home value | $188,900 | $218,200 | $332,700 |
| Median household income | $61,422 | $71,957 | $80,734 |
| Homeownership rate | 61.9% | 70.6% | 65.2% |
| Bachelor's degree or higher | 29.0% | 29.5% | 35.7% |
| Poverty rate | 16.0% | 12.3% | 12.5% |
| Unemployment rate | 5.6% | 4.3% | 5.2% |
| Work from home | 9.0% | 10.7% | 15.1% |
| Median age | 35.0 | 38.1 | 38.9 |
FAQ
What is the average rent in Fort Wayne, IN?
The median gross rent in Fort Wayne, IN is $999 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Fort Wayne, IN?
Using the common 30% rule, renting a median-priced home takes about $39,960 a year in gross income.
Is Fort Wayne, IN expensive to live in?
Rent there is 29% lower than the U.S. median, and the median home costs about 3.1 times the median household income.
Other cities in Indiana
Cities with a similar cost of living
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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