States › Indiana › Pendleton

Is Pendleton, IN expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,49015% lower than U.S. average
💵 Families earn per year (2026)$93,620about $7,802/month · 8% higher than U.S. average
🔑 House price$248,20025% lower than U.S. average

Rent is lower than in 58% 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 $59,600 a year. That is $29 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 98 of 132 cities from cheapest to most expensive.

Pendleton
$1,490
Winchester
$1,001
Tipton
$938
Westville
$1,127
Linton
$898
Porter
$1,135
Lawrenceburg
$848

How much do households earn in Pendleton?

Under $25k
11.6%
$25k–50k
19.4%
$50k–100k
39.8%
$100k–150k
16.5%
$150k+
11.3%

Share of households by yearly income. 27.7% of households earn $100,000 or more.

Rent by apartment size in Pendleton

SizePendletonU.S. average
1 bedroom$965$1,324
2 bedrooms$1,293$1,509
3 bedrooms$1,626$1,698

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

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

Taxes and bills in Pendleton

🏛️ Property tax$2,042a year · 0.82% of home value · U.S. $3,119
⚡ Electric bill$170a month (typical) · U.S. $156

Life in Pendleton

Commute to work23.8 minU.S.: 26.4 min
College degree33.6%U.S.: 35.7%
Own their home73.5%U.S.: 65.2%
Below poverty line9.1%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Pendleton?

Renting is cheaper right now: about $232 a month less.

Renting
$1,490
Owning
$1,722

Owning assumes a typical $248,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,820 for the down payment.

Frequently asked questions

What is the average rent in Pendleton, IN?

Renting in Pendleton costs a median of about $1,490 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $59,600 a year, or $29 an hour at a full-time job.

Is Pendleton cheap or expensive?

Pendleton is rated Cheap: rent takes 19.1% of the typical household income of $93,620. It ranks 98th cheapest of 132 Indiana cities we track.

How much are property taxes in Pendleton?

The median homeowner in Pendleton pays $2,042 a year in property taxes, about 0.82% of the median home value.

Is Pendleton 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 Pendleton?

The median home value in Pendleton is $248,200, about 2.7 times the typical yearly household income.

5,321 people live in Pendleton. Numbers are typical (middle) values.