salaryRent is lower than in 56% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 31.3 minutes each way. Most homes (79.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $61,000 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 103 of 132 cities from cheapest to most expensive.
How much do households earn in Schererville?
Share of households by yearly income. 32.4% of households earn $100,000 or more.
Rent by apartment size in Schererville
| Size | Schererville | U.S. average |
|---|---|---|
| Studio | $1,346 | $1,338 |
| 1 bedroom | $1,129 | $1,324 |
| 2 bedrooms | $1,503 | $1,509 |
| 3 bedrooms | $1,940 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Schererville 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 Schererville, so the Indiana figure is shown.
Taxes and bills in Schererville
Life in Schererville
Is it cheaper to rent or buy in Schererville?
Renting is cheaper right now: about $660 a month less.
Owning assumes a typical $314,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,490 for the down payment.
Frequently asked questions
What is the average rent in Schererville, IN?
Renting in Schererville costs a median of about $1,525 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Schererville?
To keep rent under 30% of income, you need about $61,000 a year, or $29 an hour at a full-time job.
Is Schererville cheap or expensive?
Schererville is rated Cheap: rent takes 19.0% of the typical household income of $96,489. It ranks 103rd cheapest of 132 Indiana cities we track.
How much are property taxes in Schererville?
The median homeowner in Schererville pays $2,734 a year in property taxes, about 0.87% of the median home value.
Is Schererville 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 Schererville?
The median home value in Schererville is $314,900, about 3.3 times the typical yearly household income.
29,701 people live in Schererville. Numbers are typical (middle) values.