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Cheapest places to live in Indiana

Muncie has the lowest median listed home of the 6 Indiana cities we cover, at $181,500 (September 2026).

By Sol Lakein. Updated October 2026.

The 3 cheapest in Indiana

Ranked by median listed home. Tap a city for weather, flights and monthly costs.
  1. The Oakhurst house at Minnetrista, Muncie
    1Pays you to move
    Muncie$181,500 median home
    Mortgage
    $997/mo
    2-bed rent
    $919
    Prices
    12% cheaper
    See Muncie
  2. Vigo County Courthouse in downtown Terre Haute, Terre Hautebubba73 / Wikimedia Commons, CC BY-SA 3.0
    2Pays you to move
    Terre Haute$189,625 median home
    Mortgage
    $1,042/mo
    2-bed rent
    $901
    Prices
    12% cheaper
    See Terre Haute
  3. Downtown Evansville, Evansville
    3Pays you to move
    Evansville$259,225 median home
    Mortgage
    $1,425/mo
    2-bed rent
    $1,087
    Prices
    8% cheaper
    See Evansville

Ranks 4 to 6

  1. 4Fort Wayne$309,450 · $1,701/mo mortgage
    2-bed rent
    $1,216
    Prices
    7% cheaper
    Incentive
    $11,700 in benefits
  2. 5Indianapolis$310,000 · $1,704/mo mortgage
    2-bed rent
    $1,397
    Prices
    4% cheaper
    Incentive
    $7,500 in benefits
  3. 6Bloomington$359,675 · $1,977/mo mortgage
    2-bed rent
    $1,358
    Prices
    5% cheaper
    Incentive
    $8,500 in benefits

Monthly payment vs New York

Principal and interest on the median listed home.
Muncie$997/mo
Bloomington, priciest we cover$1,977/mo
New York metro$4,078/mo

Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA.

Programs that help you move here

Cities on this list with an active relocation or home-buying incentive.

Ranked by home price

All 6 cities in one table.
See all 6 Indiana cities, cheapest first
RankCityMedian listed homeMonthly payment2-bed rentPrice levelIncentive
1Muncie$181,500$997$91988.1$5,000 cash
2Terre Haute$189,625$1,042$90187.8$7,500 cash
3Evansville$259,225$1,425$1,08791.5$3,000 cash
4Fort Wayne$309,450$1,701$1,21692.6$11,700 in benefits
5Indianapolis$310,000$1,704$1,39795.7$7,500 in benefits
6Bloomington$359,675$1,977$1,35895.1$8,500 in benefits

More on Indiana

Questions people ask

What is the cheapest city to live in Indiana?

Of the cities we cover, Muncie. Its median listed home is $181,500 (Realtor.com via FRED, September 2026).

Is Indiana cheap to live in?

Indiana's overall price level is 93.3, where the US average is 100 (BEA, 2024). That is below average.

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Notes on the numbers
  1. 1Median listing: Realtor.com via FRED. Price level: BEA regional price parities, 2024 (US = 100). 2-bed rent: Census ACS, 2025. Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA.
  2. 2Median listing: Realtor.com via FRED, September 2026. Prices vs US average: BEA regional price parities, 2024. 2-bed rent: Census ACS, 2025.
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