Cost of Living in Fort Wayne, Indiana
In Fort Wayne, the median household income is $61,422 and the median gross rent is $999/mo, with a median home value of $188,900. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $61,422
- Median gross rent
- $999/mo
- Median home value
- $188,900
- Population
- 268,589
How Fort Wayne compares to the Indiana average
| Measure | Fort Wayne, IN | Indiana statewide | Difference |
|---|---|---|---|
| Median household income | $61,422 | $71,957 | -14.6% |
| Median gross rent (monthly) | $999 | $1,062 | -5.9% |
| Median home value | $188,900 | $218,200 | -13.4% |
Statewide, Indiana prices average 93.3 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Fort Wayne
- Salary needed for median rent
- $39,960
- Rent burden at median income
- 19.5%
- Est. affordable home price
- $224,063
So that $999/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Fort Wayne is $188,900 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Indiana cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.