salaryRent is lower than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (76.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $38,960 a year. That is $19 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 31 of 132 cities from cheapest to most expensive.
How much do households earn in Decatur?
Share of households by yearly income. 10.7% of households earn $100,000 or more.
Rent by apartment size in Decatur
| Size | Decatur | U.S. average |
|---|---|---|
| 2 bedrooms | $917 | $1,509 |
| 3 bedrooms | $1,098 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Decatur 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 Decatur, so the Indiana figure is shown.
Taxes and bills in Decatur
Life in Decatur
Is it cheaper to rent or buy in Decatur?
About the same. Renting and owning cost within $17 of each other each month.
Owning assumes a typical $142,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,280 for the down payment.
Frequently asked questions
What is the average rent in Decatur, IN?
Renting in Decatur costs a median of about $974 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Decatur?
To keep rent under 30% of income, you need about $38,960 a year, or $19 an hour at a full-time job.
Is Decatur cheap or expensive?
Decatur is rated Cheap: rent takes 18.5% of the typical household income of $63,250. It ranks 31st cheapest of 132 Indiana cities we track.
How much are property taxes in Decatur?
The median homeowner in Decatur pays $1,142 a year in property taxes, about 0.80% of the median home value.
Is Decatur 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 Decatur?
The median home value in Decatur is $142,800, about 2.3 times the typical yearly household income.
9,811 people live in Decatur. Numbers are typical (middle) values.