Fishers, IN

Above Avg · 113

Indiana · Population 100,918 · Updated March 2026

$1,491
Median Rent / Month
$128,141
Median Income
$370,200
Median Home Value
$1,701
Owner Costs / Month

Affordability

How far your income goes in Fishers

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

$17,892
Annual Rent
$3,908
State Income Tax
$3,073
Property Tax (est.)

Cost of Living Overview

Fishers is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Fishers residents can expect to pay median rent of $1,491/month while earning a median household income of $128,141/year.

The median home value in Fishers, IN is $370,200, with typical monthly owner costs around $1,701 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 Fishers.

Frequently Asked Questions

Common questions about living costs in Fishers

What is the cost of living in Fishers, IN?
The cost of living index in Fishers, IN is 113 (US average = 100). Median monthly rent is $1,491, median household income is $128,141/year, and the median home value is $370,200.
Is Fishers, IN affordable?
No, Fishers is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 14.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fishers, IN?
The median gross rent in Fishers, IN is $1,491 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,892.
What is the median household income in Fishers?
The median household income in Fishers, IN is $128,141 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%.