Cost of Living & Housing in Wabash
Wabash's cost of living centers on genuinely affordable housing and below-average property taxes, paired honestly with a relatively high county-level local income tax layer.
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Learn moreAffordable housing, modest recent appreciation
Wabash's average home value ran approximately $177,132 (Zillow), up a real, disclosed 5.5% year-over-year -- still well below the national median home price. Confirm current, specific comparable-sale pricing directly with a local agent (base record).
Below-average property taxes, relatively high income tax layer
Wabash County's effective property tax rate ran approximately 0.52%, below Indiana's ~0.76% statewide average, but its local income tax layer ran a real, disclosed relatively high approximately 2.9%, layered on the state's flat 2.95% rate for a combined ~5.85% income tax burden -- near the upper end of Indiana's statewide range (base record).
A stable, moderate household income base
Wabash's median household income ran $53,410, with a disclosed poverty rate of 13.97% -- both consistent with a small, stable north-central Indiana county-seat economy (base record).
Key takeaways
- Wabash's average home value (~$177,132, up 5.5% YoY) runs affordably relative to national figures.
- Wabash County's effective property tax rate (~0.52%) runs below the ~0.76% Indiana statewide average.
- Wabash County's local income tax layer (~2.9%) runs relatively high within Indiana's statewide range -- weigh this against the low property tax rate.
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