salaryRent is lower than in 68% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (79.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $52,480 a year. That is $25 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 82 of 132 cities from cheapest to most expensive.
How much do households earn in Garrett?
Share of households by yearly income. 13.4% of households earn $100,000 or more.
Rent by apartment size in Garrett
| Size | Garrett | U.S. average |
|---|---|---|
| 1 bedroom | $946 | $1,324 |
| 2 bedrooms | $915 | $1,509 |
| 3 bedrooms | $1,084 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Garrett 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 Garrett, so the Indiana figure is shown.
Taxes and bills in Garrett
Life in Garrett
Is it cheaper to rent or buy in Garrett?
Buying is cheaper month to month: about $242 a month less than renting.
Owning assumes a typical $154,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,420 for the down payment.
Frequently asked questions
What is the average rent in Garrett, IN?
Renting in Garrett costs a median of about $1,312 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Garrett?
To keep rent under 30% of income, you need about $52,480 a year, or $25 an hour at a full-time job.
Is Garrett cheap or expensive?
Garrett is rated OK: rent takes 22.7% of the typical household income of $69,217. It ranks 82nd cheapest of 132 Indiana cities we track.
How much are property taxes in Garrett?
The median homeowner in Garrett pays $788 a year in property taxes, about 0.51% of the median home value.
Is Garrett 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 Garrett?
The median home value in Garrett is $154,200, about 2.2 times the typical yearly household income.
6,642 people live in Garrett. Numbers are typical (middle) values.