Cost of Living in Anderson, IN
Population 54,930 · Indiana · Data vintage 2023
(100 = US avg)
Household incomes in Anderson run well below national norms — a median of $47,221 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $104,000). Unemployment has stayed elevated relative to the national figure — 7.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 15 miles northeast of Fishers, Anderson falls within that metro's commuting orbit. Median home values run roughly 72% lower than Fishers' $370,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Anderson
The median home value in Anderson is $104,300 — 66% below the national median of $305,000. Median rent runs $909/month, 31% lower than the national median of $1,314/month. The median household income of $47,221/year is 37% lower than the US median of $74,580. The local unemployment rate is 7.5%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Anderson has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Anderson, IN?
Anderson has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Anderson, IN?
The median gross rent in Anderson is $909 per month based on 2023 Census data.
What is the average home price in Anderson?
The median home value in Anderson is $104,300 according to Zillow and Census data.
What is the median income in Anderson?
The median household income in Anderson is $47,221 per year (2023 ACS 5-year estimates).
What is the sales tax in Anderson, IN?
The combined state and local sales tax rate in Anderson is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Anderson, IN affordable?
Yes, Anderson is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.
Anderson at a Glance
- Population
- 54,930
- Median Income
- $47,221
- Home Value
- $104,300
- Median Rent
- $909/mo
- Unemployment
- 7.5%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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