Dyer, IN

Below Avg · 88

Indiana · Population 16,400 · Updated March 2026

$1,182
Median Rent / Month
$101,183
Median Income
$288,700
Median Home Value
$1,299
Owner Costs / Month

Affordability

How far your income goes in Dyer

14.0%
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

$14,184
Annual Rent
$3,086
State Income Tax
$2,396
Property Tax (est.)

Cost of Living Overview

Dyer offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Dyer residents can expect to pay median rent of $1,182/month while earning a median household income of $101,183/year.

The median home value in Dyer, IN is $288,700, with typical monthly owner costs around $1,299 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.0% 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 Dyer.

Frequently Asked Questions

Common questions about living costs in Dyer

What is the cost of living in Dyer, IN?
The cost of living index in Dyer, IN is 88 (US average = 100). Median monthly rent is $1,182, median household income is $101,183/year, and the median home value is $288,700.
Is Dyer, IN affordable?
Yes, Dyer is more affordable than the national average with a cost index of 88. The rent-to-income ratio is 14.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Dyer, IN?
The median gross rent in Dyer, IN is $1,182 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,184.
What is the median household income in Dyer?
The median household income in Dyer, IN is $101,183 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%.