Muncie, IN

Very Low · 49

Indiana · Population 64,739 · Updated March 2026

$867
Median Rent / Month
$43,395
Median Income
$92,000
Median Home Value
$793
Owner Costs / Month

Affordability

How far your income goes in Muncie

24.0%
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

$10,404
Annual Rent
$1,324
State Income Tax
$764
Property Tax (est.)

Cost of Living Overview

Muncie is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 49 (where 100 equals the national median), Muncie residents can expect to pay median rent of $867/month while earning a median household income of $43,395/year.

The median home value in Muncie, IN is $92,000, with typical monthly owner costs around $793 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.0% 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 Muncie.

Frequently Asked Questions

Common questions about living costs in Muncie

What is the cost of living in Muncie, IN?
The cost of living index in Muncie, IN is 49 (US average = 100). Median monthly rent is $867, median household income is $43,395/year, and the median home value is $92,000.
Is Muncie, IN affordable?
Yes, Muncie is more affordable than the national average with a cost index of 49. The rent-to-income ratio is 24.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Muncie, IN?
The median gross rent in Muncie, IN is $867 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,404.
What is the median household income in Muncie?
The median household income in Muncie, IN is $43,395 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%.