Portage, IN

Below Avg · 76

Indiana · Population 37,951 · Updated March 2026

$1,138
Median Rent / Month
$72,833
Median Income
$210,800
Median Home Value
$1,167
Owner Costs / Month

Affordability

How far your income goes in Portage

18.7%
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

$13,656
Annual Rent
$2,221
State Income Tax
$1,750
Property Tax (est.)

Cost of Living Overview

Portage is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 76 (where 100 equals the national median), Portage residents can expect to pay median rent of $1,138/month while earning a median household income of $72,833/year.

The median home value in Portage, IN is $210,800, with typical monthly owner costs around $1,167 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% 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 Portage.

Frequently Asked Questions

Common questions about living costs in Portage

What is the cost of living in Portage, IN?
The cost of living index in Portage, IN is 76 (US average = 100). Median monthly rent is $1,138, median household income is $72,833/year, and the median home value is $210,800.
Is Portage, IN affordable?
Yes, Portage is more affordable than the national average with a cost index of 76. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Portage, IN?
The median gross rent in Portage, IN is $1,138 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,656.
What is the median household income in Portage?
The median household income in Portage, IN is $72,833 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%.