Cost of Living in Gary, IN
Population: 68,604 • 2026 Data
$37,380
Median Household Income
-52% vs national
$975
Median Monthly Rent
-28% vs national
$85,300
Median Home Value
-75% vs national
13.0%
Unemployment Rate
Housing in Gary
The median home value in Gary, IN is $85,300. Monthly rent for a typical unit averages $975, while total monthly housing costs (including utilities and insurance) average $868.
Rent-to-income ratio: 31.3%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Gary, IN is $37,380. The unemployment rate stands at 13.0%, with a labor force of 25,950 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.