States › Indiana › Ellettsville

Is Ellettsville, IN expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,35423% lower than U.S. average
💵 Families earn per year (2026)$97,295about $8,108/month · 12% higher than U.S. average
🔑 House price$243,60027% lower than U.S. average

Rent is lower than in 66% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (83.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $54,160 a year. That is $26 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 84 of 132 cities from cheapest to most expensive.

Ellettsville
$1,354
Boonville
$733
Ross
$1,414
Garrett
$1,312
Nappanee
$1,219
Notre Dame
$1,461
Salem
$739

How much do households earn in Ellettsville?

Under $25k
9.6%
$25k–50k
16.6%
$50k–100k
41.0%
$100k–150k
19.8%
$150k+
10.8%

Share of households by yearly income. 30.7% of households earn $100,000 or more.

Rent by apartment size in Ellettsville

SizeEllettsvilleU.S. average
1 bedroom$721$1,324
2 bedrooms$1,171$1,509
3 bedrooms$1,535$1,698

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

How expensive is Ellettsville 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 Ellettsville, so the Indiana figure is shown.

Taxes and bills in Ellettsville

🏛️ Property tax$1,862a year · 0.76% of home value · U.S. $3,119
⚡ Electric bill$160a month (typical) · U.S. $156

Life in Ellettsville

Commute to work21.3 minU.S.: 26.4 min
College degree36.3%U.S.: 35.7%
Own their home83.8%U.S.: 65.2%
Below poverty line5.9%U.S.: 12.5%
Unemployment1.3%U.S.: 5.2%

Is it cheaper to rent or buy in Ellettsville?

Renting is cheaper right now: about $336 a month less.

Renting
$1,354
Owning
$1,690

Owning assumes a typical $243,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,360 for the down payment.

Frequently asked questions

What is the average rent in Ellettsville, IN?

Renting in Ellettsville costs a median of about $1,354 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $54,160 a year, or $26 an hour at a full-time job.

Is Ellettsville cheap or expensive?

Ellettsville is rated Cheap: rent takes 16.7% of the typical household income of $97,295. It ranks 84th cheapest of 132 Indiana cities we track.

How much are property taxes in Ellettsville?

The median homeowner in Ellettsville pays $1,862 a year in property taxes, about 0.76% of the median home value.

Is Ellettsville 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 Ellettsville?

The median home value in Ellettsville is $243,600, about 2.5 times the typical yearly household income.

6,698 people live in Ellettsville. Numbers are typical (middle) values.