Living here
Cost of living in Fishers
Housing is more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,491/mo
11% above US
Median home value
$370,200
22% above US
Median household income
$128,141
63% above US
Rent as share of income
14%
US 21%
Home price to income
2.9×
US 3.9×
Sales tax
7%
Rent by number of bedrooms
HUD 2027 fair market rents for Indianapolis-Carmel, IN HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Fishers compares
- Fishers$1,491
- Indiana$1,020
- United States$1,348
- Carmel$1,607
- Evansville$949
- Fishers$370,200
- Indiana$201,600
- United States$303,400
- Carmel$455,500
- Evansville$129,100
Taxes
Compare with nearby cities
Questions
Is Fishers expensive to live in?
Housing in Fishers is more expensive than the national average: median rent is $1,491 (11% above US) and the median home value is $370,200 (22% above US).
How much is rent in Fishers?
The median gross rent is $1,491 a month. HUD’s 2027 fair market rents for the area are studio $1,187, 1 bedroom $1,336, 2 bedrooms $1,536, 3 bedrooms $1,991, 4 bedrooms $2,425.
How much of their income do renters spend in Fishers?
At the median, a year’s rent ($17,892) equals about 14% of the median household income ($128,141); nationally it’s about 21%.
What are taxes like in Fishers?
Sales tax is 7% and property taxes run about 0.94% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Indiana Department of Revenue - Sales Tax.