States › Indiana › Jasper

Is Jasper, IN expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,09038% lower than U.S. average
💵 Families earn per year (2026)$74,219about $6,185/month · 15% lower than U.S. average
🔑 House price$235,10029% lower than U.S. average

Rent is lower than in 82% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 15.3 minutes.

How much money do I need?

To rent here comfortably, you should earn about $43,600 a year. That is $21 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 47 of 132 cities from cheapest to most expensive.

Jasper
$1,090
Frankfort
$1,003
Griffith
$1,517
New Haven
$1,231
Dyer
$1,270
Crawfordsville
$1,063
Vincennes
$968

How much do households earn in Jasper?

Under $25k
13.3%
$25k–50k
24.8%
$50k–100k
37.6%
$100k–150k
12.7%
$150k+
10.0%

Share of households by yearly income. 22.7% of households earn $100,000 or more.

Rent by apartment size in Jasper

SizeJasperU.S. average
1 bedroom$597$1,324
2 bedrooms$985$1,509
3 bedrooms$1,139$1,698
4 bedrooms$1,231$2,098

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

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

Taxes and bills in Jasper

🏛️ Property tax$1,802a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$149a month (typical) · U.S. $156

Life in Jasper

Commute to work15.3 minU.S.: 26.4 min
College degree29.4%U.S.: 35.7%
Own their home61.2%U.S.: 65.2%
Below poverty line14.4%U.S.: 12.5%
Unemployment1.4%U.S.: 5.2%

Is it cheaper to rent or buy in Jasper?

Renting is cheaper right now: about $541 a month less.

Renting
$1,090
Owning
$1,631

Owning assumes a typical $235,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,510 for the down payment.

Frequently asked questions

What is the average rent in Jasper, IN?

Renting in Jasper costs a median of about $1,090 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $43,600 a year, or $21 an hour at a full-time job.

Is Jasper cheap or expensive?

Jasper is rated Cheap: rent takes 17.6% of the typical household income of $74,219. It ranks 47th cheapest of 132 Indiana cities we track.

How much are property taxes in Jasper?

The median homeowner in Jasper pays $1,802 a year in property taxes, about 0.77% of the median home value.

Is Jasper 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 Jasper?

The median home value in Jasper is $235,100, about 3.2 times the typical yearly household income.

15,991 people live in Jasper. Numbers are typical (middle) values.