| Index | Fishers | Indiana | National |
| Cost of living | 113 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 149 | 72 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 98 | 96 | 100 |
| Lifestyle & Entertainment | 96 | 95 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 90 | 94 | 100 |
Getting a feel for the cost of living in Fishers is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Fishers is 113, which is 13% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs are a very significant part of the Fishers cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 49.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 15 locals to understand their opinions on the cost of living in Fishers. The results indicated that 33% found it reasonably priced with decreasing prices of goods and services, while 67% viewed it as quite expensive, with increasing prices.
Is Fishers affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Fishers, the median home price is 58.2% higher than the national average and monthly rent prices are 29.1% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fishers boasting a median household income of $162,019, 99.2% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Fishers, healthcare costs are 2.2% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Fishers, the housing index is 49.5% higher than the national average.
The Fishers cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $181,866 | $15,156 | $4,243 | $5,457 |
| Renters | $95,897 | $7,991 | $2,237 | $2,877 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| Arcadia, IN | 1,579 | 88 | 11.9% |
| Spring Lake, IN | 259 | 89 | 10.8% |
| Ingalls, IN | 2,544 | 89 | 11.0% |
| Sheridan, IN | 3,558 | 90 | 9.7% |
| Lapel, IN | 2,436 | 90 | 10.0% |
| Fishers, IN | 96,166 | 113 | 12.6% |
| City | Population | Cost of Living Index | National Avg. |
| Menifee, CA | 96,253 | 137 | 37.5% |
| Pickering, ON | 96,267 | n/a | |
| Edmond, OK | 96,269 | 106 | 6.4% |
| Brossard, QC | 96,033 | n/a | |
| Chilliwack, BC | 95,663 | n/a | |
| Fishers, IN | 96,166 | 113 | 12.6% |
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