salaryRent is lower than in 80% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.9 minutes. Most households rent (58%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $45,520 a year. That is $22 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 57 of 132 cities from cheapest to most expensive.
How much do households earn in Greencastle?
Share of households by yearly income. 14.0% of households earn $100,000 or more.
Rent by apartment size in Greencastle
| Size | Greencastle | U.S. average |
|---|---|---|
| 1 bedroom | $897 | $1,324 |
| 2 bedrooms | $1,010 | $1,509 |
| 3 bedrooms | $1,453 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Greencastle 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 Greencastle, so the Indiana figure is shown.
Taxes and bills in Greencastle
Life in Greencastle
Is it cheaper to rent or buy in Greencastle?
About the same. Renting and owning cost within $36 of each other each month.
Owning assumes a typical $169,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,920 for the down payment.
Frequently asked questions
What is the average rent in Greencastle, IN?
Renting in Greencastle costs a median of about $1,138 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Greencastle?
To keep rent under 30% of income, you need about $45,520 a year, or $22 an hour at a full-time job.
Is Greencastle cheap or expensive?
Greencastle is rated OK: rent takes 22.8% of the typical household income of $59,927. It ranks 57th cheapest of 132 Indiana cities we track.
How much are property taxes in Greencastle?
The median homeowner in Greencastle pays $1,007 a year in property taxes, about 0.60% of the median home value.
Is Greencastle 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 Greencastle?
The median home value in Greencastle is $169,200, about 2.8 times the typical yearly household income.
9,864 people live in Greencastle. Numbers are typical (middle) values.