Schererville, IN

Average · 90

Indiana · Population 29,627 · Updated March 2026

$1,224
Median Rent / Month
$86,020
Median Income
$294,600
Median Home Value
$1,284
Owner Costs / Month

Affordability

How far your income goes in Schererville

17.1%
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

$14,688
Annual Rent
$2,624
State Income Tax
$2,445
Property Tax (est.)

Cost of Living Overview

Schererville offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Schererville residents can expect to pay median rent of $1,224/month while earning a median household income of $86,020/year.

The median home value in Schererville, IN is $294,600, with typical monthly owner costs around $1,284 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.1% 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 Schererville.

Frequently Asked Questions

Common questions about living costs in Schererville

What is the cost of living in Schererville, IN?
The cost of living index in Schererville, IN is 90 (US average = 100). Median monthly rent is $1,224, median household income is $86,020/year, and the median home value is $294,600.
Is Schererville, IN affordable?
Yes, Schererville is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 17.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Schererville, IN?
The median gross rent in Schererville, IN is $1,224 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,688.
What is the median household income in Schererville?
The median household income in Schererville, IN is $86,020 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%.