Cost of Living in Hobart, IN
Population: 29,646 • 2026 Data
$71,680
Median Household Income
-7% vs national
$1,174
Median Monthly Rent
-13% vs national
$203,400
Median Home Value
-40% vs national
4.6%
Unemployment Rate
Housing in Hobart
The median home value in Hobart, IN is $203,400. Monthly rent for a typical unit averages $1,174, while total monthly housing costs (including utilities and insurance) average $1,178.
Rent-to-income ratio: 19.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Hobart, IN is $71,680. The unemployment rate stands at 4.6%, with a labor force of 15,403 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.