Seymour, IN

Very Low · 60

Indiana · Population 21,536 · Updated March 2026

$954
Median Rent / Month
$63,388
Median Income
$153,300
Median Home Value
$897
Owner Costs / Month

Affordability

How far your income goes in Seymour

18.1%
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

$11,448
Annual Rent
$1,933
State Income Tax
$1,272
Property Tax (est.)

Cost of Living Overview

Seymour is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 60 (where 100 equals the national median), Seymour residents can expect to pay median rent of $954/month while earning a median household income of $63,388/year.

The median home value in Seymour, IN is $153,300, with typical monthly owner costs around $897 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% 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 Seymour.

Frequently Asked Questions

Common questions about living costs in Seymour

What is the cost of living in Seymour, IN?
The cost of living index in Seymour, IN is 60 (US average = 100). Median monthly rent is $954, median household income is $63,388/year, and the median home value is $153,300.
Is Seymour, IN affordable?
Yes, Seymour is more affordable than the national average with a cost index of 60. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Seymour, IN?
The median gross rent in Seymour, IN is $954 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,448.
What is the median household income in Seymour?
The median household income in Seymour, IN is $63,388 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%.