Cedar Lake, IN

Below Avg · 85

Indiana · Population 14,686 · Updated March 2026

$1,209
Median Rent / Month
$79,177
Median Income
$259,900
Median Home Value
$1,242
Owner Costs / Month

Affordability

How far your income goes in Cedar Lake

18.3%
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

$14,508
Annual Rent
$2,415
State Income Tax
$2,157
Property Tax (est.)

Cost of Living Overview

Cedar Lake offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Cedar Lake residents can expect to pay median rent of $1,209/month while earning a median household income of $79,177/year.

The median home value in Cedar Lake, IN is $259,900, with typical monthly owner costs around $1,242 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% 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 Cedar Lake.

Frequently Asked Questions

Common questions about living costs in Cedar Lake

What is the cost of living in Cedar Lake, IN?
The cost of living index in Cedar Lake, IN is 85 (US average = 100). Median monthly rent is $1,209, median household income is $79,177/year, and the median home value is $259,900.
Is Cedar Lake, IN affordable?
Yes, Cedar Lake is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cedar Lake, IN?
The median gross rent in Cedar Lake, IN is $1,209 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,508.
What is the median household income in Cedar Lake?
The median household income in Cedar Lake, IN is $79,177 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%.