Beech Grove, IN

Very Low · 64

Indiana · Population 15,082 · Updated March 2026

$978
Median Rent / Month
$49,452
Median Income
$169,500
Median Home Value
$992
Owner Costs / Month

Affordability

How far your income goes in Beech Grove

23.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Indiana

State-level tax rates that affect your costs

3.05%
Income Tax (Top Rate)
7.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$11,736
Annual Rent
$1,508
State Income Tax
$1,407
Property Tax (est.)

Cost of Living Overview

Beech Grove is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 64 (where 100 equals the national median), Beech Grove residents can expect to pay median rent of $978/month while earning a median household income of $49,452/year.

The median home value in Beech Grove, IN is $169,500, with typical monthly owner costs around $992 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Indiana has a moderate income tax rate of 3.05%. Combined with a 7.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Beech Grove.

Frequently Asked Questions

Common questions about living costs in Beech Grove

What is the cost of living in Beech Grove, IN?
The cost of living index in Beech Grove, IN is 64 (US average = 100). Median monthly rent is $978, median household income is $49,452/year, and the median home value is $169,500.
Is Beech Grove, IN affordable?
Yes, Beech Grove is more affordable than the national average with a cost index of 64. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Beech Grove, IN?
The median gross rent in Beech Grove, IN is $978 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,736.
What is the median household income in Beech Grove?
The median household income in Beech Grove, IN is $49,452 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Indiana?
Indiana has a top income tax rate of 3.05%, a sales tax of 7.0%, and an effective property tax rate of 0.83%.