salaryRent is lower than in 74% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $49,240 a year. That is $24 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 68 of 132 cities from cheapest to most expensive.
How much do households earn in New Haven?
Share of households by yearly income. 17.8% of households earn $100,000 or more.
Rent by apartment size in New Haven
| Size | New Haven | U.S. average |
|---|---|---|
| Studio | $542 | $1,338 |
| 1 bedroom | $874 | $1,324 |
| 2 bedrooms | $1,108 | $1,509 |
| 3 bedrooms | $1,254 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is New Haven 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 New Haven, so the Indiana figure is shown.
Taxes and bills in New Haven
Life in New Haven
Is it cheaper to rent or buy in New Haven?
Buying is cheaper month to month: about $73 a month less than renting.
Owning assumes a typical $166,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,690 for the down payment.
Frequently asked questions
What is the average rent in New Haven, IN?
Renting in New Haven costs a median of about $1,231 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in New Haven?
To keep rent under 30% of income, you need about $49,240 a year, or $24 an hour at a full-time job.
Is New Haven cheap or expensive?
New Haven is rated Cheap: rent takes 19.3% of the typical household income of $76,541. It ranks 68th cheapest of 132 Indiana cities we track.
How much are property taxes in New Haven?
The median homeowner in New Haven pays $1,307 a year in property taxes, about 0.78% of the median home value.
Is New Haven 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 New Haven?
The median home value in New Haven is $166,900, about 2.2 times the typical yearly household income.
15,698 people live in New Haven. Numbers are typical (middle) values.