salaryRent is lower than in 86% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $41,600 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
Yes. Rent here is cheaper than in most of Indiana. It is number 39 of 132 cities from cheapest to most expensive.
How much do households earn in Anderson?
Share of households by yearly income. 9.1% of households earn $100,000 or more.
Rent by apartment size in Anderson
| Size | Anderson | U.S. average |
|---|---|---|
| Studio | $758 | $1,338 |
| 1 bedroom | $781 | $1,324 |
| 2 bedrooms | $1,052 | $1,509 |
| 3 bedrooms | $1,235 | $1,698 |
| 4 bedrooms | $1,318 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Anderson overall?
Everyday prices in the Indianapolis-Carmel-Greenwood metro area are 4% below the U.S. average (index 95.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Anderson
Life in Anderson
What jobs pay in Anderson
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $151,050 | 8.3% |
| Physician Assistant | $131,950 | 9.5% |
| Nurse Practitioner | $130,460 | 9.6% |
| Operations Manager | $120,480 | 10.4% |
| Software Developer | $106,870 | 11.7% |
| Computer Systems Analyst | $101,890 | 12.2% |
| Civil Engineer | $101,830 | 12.3% |
| Dental Hygienist | $97,470 | 12.8% |
| Registered Nurse | $84,230 | 14.8% |
| Police Officer | $83,110 | 15.0% |
| Accountant | $79,290 | 15.7% |
| Plumber | $76,980 | 16.2% |
| Firefighter | $68,480 | 18.2% |
| Licensed Practical Nurse | $67,200 | 18.6% |
| Market Research Analyst | $65,200 | 19.1% |
| Electrician | $65,130 | 19.2% |
| Carpenter | $65,070 | 19.2% |
| HVAC Technician | $62,160 | 20.1% |
| Truck Driver | $61,980 | 20.1% |
| Elementary School Teacher | $60,510 | 20.6% |
| Medical Assistant | $46,900 | 26.6% |
| Warehouse Worker | $44,180 | 28.2% |
| Customer Service Representative | $43,460 | 28.7% |
| Nursing Assistant | $38,880 | 32.1% |
| Restaurant Cook | $36,610 | 34.1% |
| Retail Salesperson | $31,530 | 39.6% |
| Cashier | $29,890 | 41.8% |
| Server (Waiter/Waitress) | $29,050 | 43.0% |
Is it cheaper to rent or buy in Anderson?
Buying is cheaper month to month: about $214 a month less than renting.
Owning assumes a typical $119,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,900 for the down payment.
Frequently asked questions
What is the average rent in Anderson, IN?
Renting in Anderson costs a median of about $1,040 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Anderson?
To keep rent under 30% of income, you need about $41,600 a year, or $20 an hour at a full-time job.
Is Anderson cheap or expensive?
Anderson is rated OK: rent takes 24.7% of the typical household income of $50,591. It ranks 39th cheapest of 132 Indiana cities we track.
How much are property taxes in Anderson?
The median homeowner in Anderson pays $996 a year in property taxes, about 0.84% of the median home value.
Is Anderson more expensive than the national average?
Overall prices in the metro area are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Anderson?
The median home value in Anderson is $119,000, about 2.4 times the typical yearly household income.
55,367 people live in Anderson. Numbers are typical (middle) values.