salaryRent is lower than in 86% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.5 minutes.
How much money do I need?
To rent here comfortably, you should earn about $41,360 a year. That is $20 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 37 of 132 cities from cheapest to most expensive.
How much do households earn in Wabash?
Share of households by yearly income. 12.7% of households earn $100,000 or more.
Rent by apartment size in Wabash
| Size | Wabash | U.S. average |
|---|---|---|
| 1 bedroom | $606 | $1,324 |
| 2 bedrooms | $940 | $1,509 |
| 3 bedrooms | $969 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Wabash 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 Wabash, so the Indiana figure is shown.
Taxes and bills in Wabash
Life in Wabash
Is it cheaper to rent or buy in Wabash?
Buying is cheaper month to month: about $226 a month less than renting.
Owning assumes a typical $116,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,650 for the down payment.
Frequently asked questions
What is the average rent in Wabash, IN?
Renting in Wabash costs a median of about $1,034 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Wabash?
To keep rent under 30% of income, you need about $41,360 a year, or $20 an hour at a full-time job.
Is Wabash cheap or expensive?
Wabash is rated OK: rent takes 21.5% of the typical household income of $57,603. It ranks 37th cheapest of 132 Indiana cities we track.
How much are property taxes in Wabash?
The median homeowner in Wabash pays $764 a year in property taxes, about 0.66% of the median home value.
Is Wabash 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 Wabash?
The median home value in Wabash is $116,500, about 2.0 times the typical yearly household income.
10,358 people live in Wabash. Numbers are typical (middle) values.