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Cost of Living in Terre Haute

Is it better to rent or buy in Terre Haute? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$59,905
$895/mo

Median in area: $895

$146,729

Median in area: $146,729

$29,346

If you Rent

🔑
$1,116 /mo
Base Rent$895
Est. Utilities$221
% of Income22.4%
Pre-tax Residual$3,876

If you Buy

🏠
$1,121 /mo
P&I (6.5%)$742
Taxes & Ins$158
Est. Utilities$221
% of Income22.5%
Pre-tax Residual$3,871

Cost of Living FAQs

Is it cheaper to rent or buy in Terre Haute?›

Based on median housing data, renting is currently more affordable on a monthly basis in Terre Haute. The estimated all-in monthly cost for renting is $1,116, while owning a median-priced home with a 20% down payment is roughly $1,121 per month (a difference of $5).

How much do utilities cost in Terre Haute?›

The average monthly utility cost (electricity and natural gas) for a typical home in Terre Haute is approximately $221. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Terre Haute?›

To comfortably afford the median rent and utilities in Terre Haute without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $44,640 per year.