Cost of Living in Fishers, IN

With a cost of living index of 109, Fishers, IN is somewhat more expensive than average. Living here is 9% more expensive than the national average and 31% above the Indiana state average of 78. As a major city with a population of 100,918, Fishers offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Fishers's cost of living. The median monthly rent is $1,491 (13% above the US median of $1,319), and the median home value sits at $370,200 (21% above the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Fishers is $128,141, which is 71% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Indianapolis-Carmel-Greenwood, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.