salaryRent is lower than in 58% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are long, about 31.7 minutes each way. Most homes (85.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $59,720 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
No. Rent here is more expensive than in most of Indiana. It is number 100 of 132 cities from cheapest to most expensive.
How much do households earn in Cedar Lake?
Share of households by yearly income. 36.3% of households earn $100,000 or more.
Rent by apartment size in Cedar Lake
| Size | Cedar Lake | U.S. average |
|---|---|---|
| 1 bedroom | $800 | $1,324 |
| 2 bedrooms | $1,314 | $1,509 |
| 3 bedrooms | $1,848 | $1,698 |
| 4 bedrooms | $1,341 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cedar Lake overall?
Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cedar Lake, so the Indiana figure is shown.
Taxes and bills in Cedar Lake
Life in Cedar Lake
Is it cheaper to rent or buy in Cedar Lake?
Renting is cheaper right now: about $464 a month less.
Owning assumes a typical $282,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,200 for the down payment.
Frequently asked questions
What is the average rent in Cedar Lake, IN?
Renting in Cedar Lake costs a median of about $1,493 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Cedar Lake?
To keep rent under 30% of income, you need about $59,720 a year, or $29 an hour at a full-time job.
Is Cedar Lake cheap or expensive?
Cedar Lake is rated Cheap: rent takes 19.9% of the typical household income of $89,926. It ranks 100th cheapest of 132 Indiana cities we track.
How much are property taxes in Cedar Lake?
The median homeowner in Cedar Lake pays $2,688 a year in property taxes, about 0.95% of the median home value.
Is Cedar Lake more expensive than the national average?
Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cedar Lake?
The median home value in Cedar Lake is $282,000, about 3.1 times the typical yearly household income.
15,295 people live in Cedar Lake. Numbers are typical (middle) values.