States › Indiana › Shelbyville

Is Shelbyville, IN expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,15234% lower than U.S. average
💵 Families earn per year (2026)$59,967about $4,997/month · 31% lower than U.S. average
🔑 House price$174,70047% lower than U.S. average

Rent is lower than in 79% 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 $46,080 a year. That is $22 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 61 of 132 cities from cheapest to most expensive.

Shelbyville
$1,152
Clarksville
$1,625
Seymour
$1,282
La Porte
$968
St. John
$1,094
Lebanon
$1,097
Logansport
$959

How much do households earn in Shelbyville?

Under $25k
19.6%
$25k–50k
28.7%
$50k–100k
32.1%
$100k–150k
9.9%
$150k+
4.2%

Share of households by yearly income. 14.1% of households earn $100,000 or more.

Rent by apartment size in Shelbyville

SizeShelbyvilleU.S. average
Studio$598$1,338
1 bedroom$821$1,324
2 bedrooms$1,071$1,509
3 bedrooms$1,328$1,698
4 bedrooms$1,360$2,098

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

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

Taxes and bills in Shelbyville

🏛️ Property tax$1,353a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$152a month (typical) · U.S. $156

Life in Shelbyville

Commute to work20.7 minU.S.: 26.4 min
College degree19.4%U.S.: 35.7%
Own their home55.2%U.S.: 65.2%
Below poverty line21.5%U.S.: 12.5%
Unemployment2%U.S.: 5.2%

Is it cheaper to rent or buy in Shelbyville?

Renting is cheaper right now: about $60 a month less.

Renting
$1,152
Owning
$1,212

Owning assumes a typical $174,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,470 for the down payment.

Frequently asked questions

What is the average rent in Shelbyville, IN?

Renting in Shelbyville costs a median of about $1,152 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $46,080 a year, or $22 an hour at a full-time job.

Is Shelbyville cheap or expensive?

Shelbyville is rated OK: rent takes 23.1% of the typical household income of $59,967. It ranks 61st cheapest of 132 Indiana cities we track.

How much are property taxes in Shelbyville?

The median homeowner in Shelbyville pays $1,353 a year in property taxes, about 0.77% of the median home value.

Is Shelbyville 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 Shelbyville?

The median home value in Shelbyville is $174,700, about 2.9 times the typical yearly household income.

20,296 people live in Shelbyville. Numbers are typical (middle) values.