Cost of Living in Anderson, IN
Population: 54,930 • 2026 Data
$47,221
Median Household Income
-39% vs national
$909
Median Monthly Rent
-33% vs national
$104,300
Median Home Value
-69% vs national
7.5%
Unemployment Rate
Housing in Anderson
The median home value in Anderson, IN is $104,300. Monthly rent for a typical unit averages $909, while total monthly housing costs (including utilities and insurance) average $826.
Rent-to-income ratio: 23.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Anderson, IN is $47,221. The unemployment rate stands at 7.5%, with a labor force of 25,476 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.