Griffith, IN

Very Low · 74

Indiana · Population 16,228 · Updated March 2026

$1,154
Median Rent / Month
$76,009
Median Income
$200,400
Median Home Value
$1,112
Owner Costs / Month

Affordability

How far your income goes in Griffith

18.2%
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

$13,848
Annual Rent
$2,318
State Income Tax
$1,663
Property Tax (est.)

Cost of Living Overview

Griffith is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 74 (where 100 equals the national median), Griffith residents can expect to pay median rent of $1,154/month while earning a median household income of $76,009/year.

The median home value in Griffith, IN is $200,400, with typical monthly owner costs around $1,112 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% 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 Griffith.

Frequently Asked Questions

Common questions about living costs in Griffith

What is the cost of living in Griffith, IN?
The cost of living index in Griffith, IN is 74 (US average = 100). Median monthly rent is $1,154, median household income is $76,009/year, and the median home value is $200,400.
Is Griffith, IN affordable?
Yes, Griffith is more affordable than the national average with a cost index of 74. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Griffith, IN?
The median gross rent in Griffith, IN is $1,154 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,848.
What is the median household income in Griffith?
The median household income in Griffith, IN is $76,009 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%.