Cost of Living Index
The Fort Wayne MSA, which is part of Northeast Indiana, has been below the national average in cost of living for years. Combine this with our low cost of doing business and affordable housing and you'll see why companies choose Northeast Indiana.
To see how the area compares to other communities use the Cost of Living Calculator by Sperling's Bestplaces.
Housing Affordability
| 2008 Median Sales Prices for Metro, Existing Single Family Homes |
| Metro |
Price |
| Toledo |
$91,200 |
| Fort Wayne |
$92,600 |
| Akron |
$100,500 |
| Grand Rapids |
$100,900 |
| Indianapolis |
$111,200 |
| Cincinnati |
$131,200 |
| Louisville |
$132,200 |
| Columbus, OH |
$139,300 |
| Lexington |
$144,300 |
| United States |
$197,100 |
Source: Copyright National Association of Realtors®. Reprinted with permission.
The Fort Wayne area also compares favorably with other markets in Coldwell Banker's annual Home Price Comparison Index. HPCI subject homes are based upon a single-family dwelling model with approximately 2,200 sq. ft., 4 bedrooms, 2 1/2 baths, family room (or equivalent) and 2-car garage. Surveyed homes and neighborhoods are typical for corporate middle-management transferees. In 2009, Coldwell Bank reported that this type of house in the Fort Wayne area would cost $189,750.
| Apartments |
| Type |
Average Monthly Price |
| 3 Bedroom Apartment |
$727
|
| 2 Bedroom Apartment |
$564
|
Source: Apartment Association of FW. 4thQ2008, conventional mkt only
State & Local Taxes
For more information on state and local taxes visit the Indiana Department of Revenue.
|
Personal Income Tax
|
|
State
|
Local Resident (COIT/CEDIT/CAGIT)
|
| Earned and Unearned Income |
3.4%
|
1.0%-2.1%
|
Source: Indiana Department of Revenue
|
Sales Tax
|
| State Sales Tax |
7%
|
| Local Sales Tax |
no
|
| County Innkeeper's Tax |
Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wabash |
| Food & Beverage Tax |
Allen, LaGrange |
Source: Indiana Department of Revenue
|
Property Tax
|
| Property taxes in Indiana are administered at the local level with oversight by the Indiana Department of Local Government Finance. Each taxing district has varying credits available for Real Estate and Other Personal Property, as well as varying state and local, homestead credits or additional COIT credits available. For more information about property taxes visit IN.gov. |
Source: Indiana Department of Revenue