Whether you're considering relocation to Fort Wayne, Indiana or just curious about the cost of living in Fort Wayne, Indiana, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Fort Wayne, Indiana, you might want to investigate local mortgage rate options before you put your house up for sale.
Living in Indiana
Located in northeast Indiana is the city of Fort Wayne. Beautiful seasons and a quaint downtown area are a couple reasons why this town is a great place to call home. Fort Wayne is making an effort to revive itself as a historical town and become a lively community full of culture. The addition of a large public library, sports stadiums, retail areas and condominiums are helping to draw more people to Fort Wayne. The resulting increase in population has helped Fort Wayne and the surrounding cities to form a cultural hub in Indiana. In the summer, community heritage festivals and other events bring the people of northeast Indiana together, helping to make this area a great place to live for single working people, as well as families with children.
Fort Wayne, Indiana Cost of Living
At 11 percent below the national average, the Cost of Living in Fort Wayne is very reasonable. The costs of housing, utilities, health care and groceries are all well below the national average, which helps offset the slightly higher cost of transportation. The cost of transportation in Fort Wayne is four percent above the national average, which, although it is high in comparison to the cost of living in Fort Wayne, is still quite affordable. One reason for the higher cost of transportation could be commute times in the Fort Wayne area. The Average Commute Time in Fort Wayne is about 20 minutes long.
Cost of Living Comparison
Overall, the cost of living in Indiana is fairly low, but how does the cost of living in Fort Wayne or other cities compare to the cost of living in your city? Use PayScale’s Cost of Living Calculator to compare your current city with other cities in Indiana.
Evansville, Indiana: Cost of Living
Indianapolis, Indiana: Cost of Living
South Bend, Indiana: Cost of Living
Salaries in Indiana
By comparing Median Salaries in the Fort Wayne Area, you can see that Fort Wayne offers a higher median salary than many other cities in Indiana. In Fort Wayne, the median salary is $48,654 while nearby Columbia City has a median of $41,381. Of course, salaries will vary in all cities depending on experience, job title, industry and other factors. Measuring Salaries in Fort Wayne by Years Experience shows that employees with one to four years of experience earn a median salary of $38,675. After 20 years of experience, the median salary increases to $62,303.