Plymouth, IN

Very Low · 57

Indiana · Population 10,506 · Updated March 2026

$957
Median Rent / Month
$53,115
Median Income
$122,200
Median Home Value
$942
Owner Costs / Month

Affordability

How far your income goes in Plymouth

21.6%
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

$11,484
Annual Rent
$1,620
State Income Tax
$1,014
Property Tax (est.)

Cost of Living Overview

Plymouth is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Plymouth residents can expect to pay median rent of $957/month while earning a median household income of $53,115/year.

The median home value in Plymouth, IN is $122,200, with typical monthly owner costs around $942 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Plymouth.

Frequently Asked Questions

Common questions about living costs in Plymouth

What is the cost of living in Plymouth, IN?
The cost of living index in Plymouth, IN is 57 (US average = 100). Median monthly rent is $957, median household income is $53,115/year, and the median home value is $122,200.
Is Plymouth, IN affordable?
Yes, Plymouth is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Plymouth, IN?
The median gross rent in Plymouth, IN is $957 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,484.
What is the median household income in Plymouth?
The median household income in Plymouth, IN is $53,115 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%.