Cost of Living in Fort Wayne, IN

Population 266,235 · Indiana · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Fort Wayne cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $170,000, rents near $959 a month.

Cost Overview

Housing 56
Rent 73

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

About the Cost of Living in Fort Wayne

The median home value in Fort Wayne is $169,700 — 44% below the national median of $305,000. Median rent runs $959/month, 27% lower than the national median of $1,314/month. The median household income of $60,293/year is 19% lower than the US median of $74,580. The local unemployment rate is 5.5%, 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, Fort Wayne has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$169,700
44% below avg
Zillow Home Value
$238,592
Zillow ZHVI
Median Rent
$959/mo
27% below avg
Zillow Rent
$1,160/mo
Zillow ZORI
Price-to-Rent Ratio
14.7x
Favors buying
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 62.2%
Renter-occupied 37.8%

💰 Estimated Monthly Budget

Rent median rent
$959
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,573/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
22.9 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.2%

Commute Mode

Drove alone
78.1%
Carpooled
9.9%
Public transit
1.2%
Walked
1.5%
Bicycle
0.3%
Work from home
8.2%

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
$60,293
19% below avg
Per Capita Income
$32,884
Unemployment Rate
5.5%
15% above avg
Poverty Rate
15.6%
Labor Force Participation
65.8%

🎓 Education

Bachelor's degree+ 19.4%
Graduate degree 9.2%

👥 Demographics

Median Age 35
Male median age 33.7
Female median age 36.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
74%
Good air days/yr
129
Max AQI recorded
70
PM2.5 days
291
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

93.7%
4-Year Graduation Rate
18.5:1
Student-teacher ratio
69
Public schools
45,028
Total enrollment

Frequently Asked Questions

What is the cost of living in Fort Wayne, IN?

Fort Wayne has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Fort Wayne, IN?

The median gross rent in Fort Wayne is $959 per month based on 2023 Census data.

What is the average home price in Fort Wayne?

The median home value in Fort Wayne is $169,700 according to Zillow and Census data.

What is the median income in Fort Wayne?

The median household income in Fort Wayne is $60,293 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Wayne, IN?

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

Is Fort Wayne, IN affordable?

Yes, Fort Wayne is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.

Fort Wayne at a Glance

Population
266,235
Median Income
$60,293
Home Value
$169,700
Median Rent
$959/mo
Unemployment
5.5%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

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