Cost of Living in Hobart, IN: Rent, Income & Home Prices

CheapRent takes 17 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,15234% lower than U.S. average

💵 Families earn per year (2026)$81,060about $6,755/month · 7% lower than U.S. average

🔑 House price$215,20035% lower than U.S. average

Rent is lower than in 79% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $46,080 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 60 of 132 cities from cheapest to most expensive.

Hobart

$1,152

$1,525

$1,831

$1,642

$1,014

$1,139

$2,001

How much do households earn in Hobart?

Under $25k

13.2%

$25k–50k

22.1%

$50k–100k

41.2%

$100k–150k

16.5%

$150k+

4.2%

Share of households by yearly income. 20.7% of households earn $100,000 or more.

Rent by apartment size in Hobart

Size	Hobart	U.S. average
Studio	$1,045	$1,338
1 bedroom	$1,172	$1,324
2 bedrooms	$1,439	$1,509
3 bedrooms	$1,612	$1,698
4 bedrooms	$1,602	$2,098

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

How expensive is Hobart overall?

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

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

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

Taxes and bills in Hobart

🏛️ Property tax$2,279a year · 1.06% of home value · U.S. $3,119

⚡ Electric bill$185a month (typical) · U.S. $156

Life in Hobart

Commute to work26.5 minU.S.: 26.4 min

College degree21.2%U.S.: 35.7%

Own their home69.5%U.S.: 65.2%

Below poverty line10%U.S.: 12.5%

Unemployment4.3%U.S.: 5.2%

Is it cheaper to rent or buy in Hobart?

Renting is cheaper right now: about $341 a month less.

Renting

$1,152

Owning

$1,493

Owning assumes a typical $215,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,520 for the down payment.

Frequently asked questions

What is the average rent in Hobart, IN?

Renting in Hobart costs a median of about $1,152 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $46,080 a year, or $22 an hour at a full-time job.

Is Hobart cheap or expensive?

Hobart is rated Cheap: rent takes 17.1% of the typical household income of $81,060. It ranks 60th cheapest of 132 Indiana cities we track.

How much are property taxes in Hobart?

The median homeowner in Hobart pays $2,279 a year in property taxes, about 1.06% of the median home value.

Is Hobart 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 Hobart?

The median home value in Hobart is $215,200, about 2.7 times the typical yearly household income.

29,558 people live in Hobart. Numbers are typical (middle) values.

Is Hobart, IN expensive to live in?