Terre Haute, IN

Very Low · 52

Indiana · Population 58,491 · Updated March 2026

$877
Median Rent / Month
$41,960
Median Income
$109,500
Median Home Value
$825
Owner Costs / Month

Affordability

How far your income goes in Terre Haute

25.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$10,524
Annual Rent
$1,280
State Income Tax
$909
Property Tax (est.)

Cost of Living Overview

Terre Haute is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 52 (where 100 equals the national median), Terre Haute residents can expect to pay median rent of $877/month while earning a median household income of $41,960/year.

The median home value in Terre Haute, IN is $109,500, with typical monthly owner costs around $825 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.1%, Terre Haute falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Terre Haute.

Frequently Asked Questions

Common questions about living costs in Terre Haute

What is the cost of living in Terre Haute, IN?
The cost of living index in Terre Haute, IN is 52 (US average = 100). Median monthly rent is $877, median household income is $41,960/year, and the median home value is $109,500.
Is Terre Haute, IN affordable?
Yes, Terre Haute is more affordable than the national average with a cost index of 52. The rent-to-income ratio is 25.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Terre Haute, IN?
The median gross rent in Terre Haute, IN is $877 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,524.
What is the median household income in Terre Haute?
The median household income in Terre Haute, IN is $41,960 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%.