States › Indiana › Speedway

Is Speedway, IN expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,44118% lower than U.S. average
💵 Families earn per year (2026)$64,869about $5,406/month · 25% lower than U.S. average
🔑 House price$228,60031% lower than U.S. average

Rent is lower than in 61% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $57,640 a year. That is $28 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 92 of 132 cities from cheapest to most expensive.

Speedway
$1,441
Bedford
$951
Auburn
$957
Chesterton
$1,565
Lake Station
$1,093
Connersville
$938
Beech Grove
$1,449

How much do households earn in Speedway?

Under $25k
12.2%
$25k–50k
32.9%
$50k–100k
34.7%
$100k–150k
10.6%
$150k+
5.1%

Share of households by yearly income. 15.7% of households earn $100,000 or more.

Rent by apartment size in Speedway

SizeSpeedwayU.S. average
Studio$1,016$1,338
1 bedroom$1,197$1,324
2 bedrooms$1,271$1,509
3 bedrooms$2,020$1,698
4 bedrooms$2,276$2,098

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

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

Taxes and bills in Speedway

🏛️ Property tax$1,945a year · 0.85% of home value · U.S. $3,119
⚡ Electric bill$99a month (typical) · U.S. $156

Life in Speedway

Commute to work22 minU.S.: 26.4 min
College degree34.3%U.S.: 35.7%
Own their home45.2%U.S.: 65.2%
Below poverty line17.5%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

Is it cheaper to rent or buy in Speedway?

Renting is cheaper right now: about $145 a month less.

Renting
$1,441
Owning
$1,586

Owning assumes a typical $228,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,860 for the down payment.

Frequently asked questions

What is the average rent in Speedway, IN?

Renting in Speedway costs a median of about $1,441 a month in 2026, including utilities. The Indiana median is $1,219.

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

To keep rent under 30% of income, you need about $57,640 a year, or $28 an hour at a full-time job.

Is Speedway cheap or expensive?

Speedway is rated OK: rent takes 26.7% of the typical household income of $64,869. It ranks 92nd cheapest of 132 Indiana cities we track.

How much are property taxes in Speedway?

The median homeowner in Speedway pays $1,945 a year in property taxes, about 0.85% of the median home value.

Is Speedway 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 Speedway?

The median home value in Speedway is $228,600, about 3.5 times the typical yearly household income.

13,968 people live in Speedway. Numbers are typical (middle) values.