salaryRent is lower than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (77.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $59,680 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 99 of 132 cities from cheapest to most expensive.
How much do households earn in Charlestown?
Share of households by yearly income. 23.2% of households earn $100,000 or more.
Rent by apartment size in Charlestown
| Size | Charlestown | U.S. average |
|---|---|---|
| 1 bedroom | $746 | $1,324 |
| 2 bedrooms | $1,211 | $1,509 |
| 3 bedrooms | $1,315 | $1,698 |
| 4 bedrooms | $1,267 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Charlestown 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 Charlestown, so the Indiana figure is shown.
Taxes and bills in Charlestown
Life in Charlestown
Is it cheaper to rent or buy in Charlestown?
About the same. Renting and owning cost within $47 of each other each month.
Owning assumes a typical $208,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,830 for the down payment.
Frequently asked questions
What is the average rent in Charlestown, IN?
Renting in Charlestown costs a median of about $1,492 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Charlestown?
To keep rent under 30% of income, you need about $59,680 a year, or $29 an hour at a full-time job.
Is Charlestown cheap or expensive?
Charlestown is rated OK: rent takes 21.5% of the typical household income of $83,355. It ranks 99th cheapest of 132 Indiana cities we track.
How much are property taxes in Charlestown?
The median homeowner in Charlestown pays $1,681 a year in property taxes, about 0.81% of the median home value.
Is Charlestown 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 Charlestown?
The median home value in Charlestown is $208,300, about 2.5 times the typical yearly household income.
8,294 people live in Charlestown. Numbers are typical (middle) values.