Cost of Living in Fishers, IN

Population 100,918 · Indiana · Data vintage 2023

118
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Fishers cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $370,000, rents near $1,491 a month. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.

Cost Overview

Housing 121
Rent 113

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fishers

The median home value in Fishers is $370,200 — 21% above the national median of $305,000. Median rent runs $1,491/month, 13% higher than the national median of $1,314/month. The median household income of $128,141/year is 72% higher than the US median of $74,580. The local unemployment rate is 2.8%, below 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, Fishers has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.

🏠 Housing

Median Home Value
$370,200
21% above avg
Zillow Home Value
$437,379
Zillow ZHVI
Median Rent
$1,491/mo
13% above avg
Zillow Rent
$1,801/mo
Zillow ZORI
Price-to-Rent Ratio
20.7x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 76.1%
Renter-occupied 23.9%

💰 Estimated Monthly Budget

Rent median rent
$1,491
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,105/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.0 min
4% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.9%

Commute Mode

Drove alone
70.0%
Carpooled
6.7%
Walked
0.5%
Bicycle
0.1%
Work from home
21.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$128,141
72% above avg
Per Capita Income
$57,161
Unemployment Rate
2.8%
41% below avg
Poverty Rate
3.6%
Labor Force Participation
73.8%

🎓 Education

Bachelor's degree+ 42.2%
Graduate degree 24.0%

👥 Demographics

Median Age 37.2
Male median age 36.4
Female median age 37.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
60.4%
Good air days/yr
190
Max AQI recorded
196
PM2.5 days
168
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

98%
4-Year Graduation Rate
19.1:1
Student-teacher ratio
23
Public schools
22,183
Total enrollment

Frequently Asked Questions

What is the cost of living in Fishers, IN?

Fishers has a cost index of 118 (100 = national average). It is 18% above the national average.

What is average rent in Fishers, IN?

The median gross rent in Fishers is $1,491 per month based on 2023 Census data.

What is the average home price in Fishers?

The median home value in Fishers is $370,200 according to Zillow and Census data.

What is the median income in Fishers?

The median household income in Fishers is $128,141 per year (2023 ACS 5-year estimates).

What is the sales tax in Fishers, IN?

The combined state and local sales tax rate in Fishers is 7.0%. The Indiana state income tax top rate is 3.0%.

Is Fishers, IN affordable?

Fishers is above average in cost of living, with an index of 118 — about 18% higher than the national average.

Fishers at a Glance

Population
100,918
Median Income
$128,141
Home Value
$370,200
Median Rent
$1,491/mo
Unemployment
2.8%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs