Cost of Living in Garrett, IN
Population 6,540 · Indiana · Data vintage 2023
(100 = US avg)
Housing costs in Garrett stay well under national norms: a median home value of $143,000 against median household incomes of $65,611 gives the city one of the more comfortable price-to-income ratios in Indiana.
Geographically, Garrett sits roughly 20 miles north of Fort Wayne. Median home values run roughly 16% lower than Fort Wayne's $170,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Garrett
The median home value in Garrett is $142,800 — 53% below the national median of $305,000. Median rent runs $836/month, 36% lower than the national median of $1,314/month. The median household income of $65,611/year is 12% lower than the US median of $74,580. The local unemployment rate is 4.1%, 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, Garrett has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
Garrett has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Garrett, IN?
Garrett has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in Garrett, IN?
The median gross rent in Garrett is $836 per month based on 2023 Census data.
What is the average home price in Garrett?
The median home value in Garrett is $142,800 according to Zillow and Census data.
What is the median income in Garrett?
The median household income in Garrett is $65,611 per year (2023 ACS 5-year estimates).
What is the sales tax in Garrett, IN?
The combined state and local sales tax rate in Garrett is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Garrett, IN affordable?
Yes, Garrett is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
Garrett at a Glance
- Population
- 6,540
- Median Income
- $65,611
- Home Value
- $142,800
- Median Rent
- $836/mo
- Unemployment
- 4.1%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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