States › Indiana › Chesterton

Is Chesterton, IN expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,56511% lower than U.S. average
💵 Families earn per year (2026)$98,208about $8,184/month · 13% higher than U.S. average
🔑 House price$300,90010% lower than U.S. average

Rent is lower than in 54% of U.S. cities. A typical house costs about 3.1 years of household income. Most homes (75.1%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $62,600 a year. That is $30 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 107 of 132 cities from cheapest to most expensive.

Chesterton
$1,565
Beech Grove
$1,449
Speedway
$1,441
Bedford
$951
Cedar Lake
$1,493
Auburn
$957
New Haven
$1,231

How much do households earn in Chesterton?

Under $25k
12.9%
$25k–50k
16.6%
$50k–100k
34.2%
$100k–150k
21.7%
$150k+
11.7%

Share of households by yearly income. 33.3% of households earn $100,000 or more.

Rent by apartment size in Chesterton

SizeChestertonU.S. average
1 bedroom$990$1,324
2 bedrooms$1,431$1,509
3 bedrooms$1,535$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Chesterton overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Chesterton, so the Indiana figure is shown.

Taxes and bills in Chesterton

🏛️ Property tax$2,528a year · 0.84% of home value · U.S. $3,119
⚡ Electric bill$182a month (typical) · U.S. $156

Life in Chesterton

Commute to work25.6 minU.S.: 26.4 min
College degree42.5%U.S.: 35.7%
Own their home75.1%U.S.: 65.2%
Below poverty line9.3%U.S.: 12.5%
Unemployment6.7%U.S.: 5.2%

Is it cheaper to rent or buy in Chesterton?

Renting is cheaper right now: about $523 a month less.

Renting
$1,565
Owning
$2,088

Owning assumes a typical $300,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,090 for the down payment.

Frequently asked questions

What is the average rent in Chesterton, IN?

Renting in Chesterton costs a median of about $1,565 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Chesterton?

To keep rent under 30% of income, you need about $62,600 a year, or $30 an hour at a full-time job.

Is Chesterton cheap or expensive?

Chesterton is rated Cheap: rent takes 19.1% of the typical household income of $98,208. It ranks 107th cheapest of 132 Indiana cities we track.

How much are property taxes in Chesterton?

The median homeowner in Chesterton pays $2,528 a year in property taxes, about 0.84% of the median home value.

Is Chesterton 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 Chesterton?

The median home value in Chesterton is $300,900, about 3.1 times the typical yearly household income.

14,446 people live in Chesterton. Numbers are typical (middle) values.