States › Indiana › Martinsville

Is Martinsville, IN expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,10637% lower than U.S. average
💵 Families earn per year (2026)$64,901about $5,408/month · 25% lower than U.S. average
🔑 House price$163,40051% lower than U.S. average

Rent is lower than in 82% 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 $44,240 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 53 of 132 cities from cheapest to most expensive.

Martinsville
$1,106
Danville
$1,502
Yorktown
$1,057
Madison
$971
Greensburg
$995
Washington
$929
Whitestown
$2,162

How much do households earn in Martinsville?

Under $25k
17.1%
$25k–50k
27.5%
$50k–100k
35.0%
$100k–150k
12.5%
$150k+
3.0%

Share of households by yearly income. 15.5% of households earn $100,000 or more.

Rent by apartment size in Martinsville

SizeMartinsvilleU.S. average
1 bedroom$801$1,324
2 bedrooms$1,075$1,509
3 bedrooms$1,514$1,698

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

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

Taxes and bills in Martinsville

🏛️ Property tax$897a year · 0.55% of home value · U.S. $3,119
⚡ Electric bill$156a month (typical) · U.S. $156

Life in Martinsville

Commute to work28.5 minU.S.: 26.4 min
College degree12.6%U.S.: 35.7%
Own their home63.3%U.S.: 65.2%
Below poverty line12.9%U.S.: 12.5%
Unemployment4.4%U.S.: 5.2%

Is it cheaper to rent or buy in Martinsville?

About the same. Renting and owning cost within $28 of each other each month.

Renting
$1,106
Owning
$1,134

Owning assumes a typical $163,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,340 for the down payment.

Frequently asked questions

What is the average rent in Martinsville, IN?

Renting in Martinsville costs a median of about $1,106 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $44,240 a year, or $21 an hour at a full-time job.

Is Martinsville cheap or expensive?

Martinsville is rated OK: rent takes 20.4% of the typical household income of $64,901. It ranks 53rd cheapest of 132 Indiana cities we track.

How much are property taxes in Martinsville?

The median homeowner in Martinsville pays $897 a year in property taxes, about 0.55% of the median home value.

Is Martinsville 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 Martinsville?

The median home value in Martinsville is $163,400, about 2.5 times the typical yearly household income.

11,933 people live in Martinsville. Numbers are typical (middle) values.