Cost of Living in Hobart, IN
Population 29,646 · Indiana · Data vintage 2023
(100 = US avg)
Housing costs in Hobart stay well under national norms: a median home value of $203,000 against median household incomes of $71,680 gives the city one of the more comfortable price-to-income ratios in Indiana.
Located 30 miles southeast of Chicago, Hobart falls within that metro's commuting orbit. Median home values run roughly 35% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hobart
The median home value in Hobart is $203,400 — 33% below the national median of $305,000. Median rent runs $1,174/month, 11% lower than the national median of $1,314/month. The median household income of $71,680/year is 4% lower than the US median of $74,580. The local unemployment rate is 4.6%, 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, Hobart has a cost of living index of 76 versus the US average of 100, meaning it is 24% 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 Hobart, IN?
Hobart has a cost index of 76 (100 = national average). It is 24% below the national average.
What is average rent in Hobart, IN?
The median gross rent in Hobart is $1,174 per month based on 2023 Census data.
What is the average home price in Hobart?
The median home value in Hobart is $203,400 according to Zillow and Census data.
What is the median income in Hobart?
The median household income in Hobart is $71,680 per year (2023 ACS 5-year estimates).
What is the sales tax in Hobart, IN?
The combined state and local sales tax rate in Hobart is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Hobart, IN affordable?
Yes, Hobart is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.
Hobart at a Glance
- Population
- 29,646
- Median Income
- $71,680
- Home Value
- $203,400
- Median Rent
- $1,174/mo
- Unemployment
- 4.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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