What it's like to live in Wabash
Wabash is a small city in Indiana with rent below the national average, home prices that remain within reach, county unemployment below the national average, and commutes that run shorter than most cities. Those factors carry real weight for anyone weighing where to move next.
The tradeoffs are worth naming plainly. Wabash deals with household incomes below the national average, cold winters, fewer dining and entertainment options than a bigger city, and a car-dependent commute, with few people using transit.
The good
- Rent below the national average
- Affordable home prices
- Low unemployment in the county
- Short commutes
- Clean air
- Average class sizes
The not so good
- Below-average household incomes
- Cold winters
- Smaller place — fewer dining and entertainment options
- Car-dependent — few commuters use transit
How Wabash compares
Median household income
Median rent (per month)
Median home value
What it takes to move to Wabash
Based on Wabash's median rent, home value and household income
To rent
$1,478
up front: first month plus a typical one-month deposit
- Income to keep rent under 30%: $29,560 a year
- 34% of Wabash renters spend 30% or more of their income on rent
To buy
$23,300
a 20% down payment on the median home
- With 10% down: $11,650
- Homes cost 2.2× the typical local household income (US: 4.1×)
Moving costs, closing costs and taxes not included.
The details
Cost of living▼ 48% below US
$739/mo median rent
Rent here is genuinely low, with median rent around $739 a month. Factoring in local incomes, the value gets even better. Money stretches further here than in most of the country. Home prices here are genuinely accessible, with a median around $116,500. That kind of affordability is rare in today's market.
Median home value $116,500 · 34% of renters cost-burdened
Job market
3.5% county unemployment
Unemployment in Wabash County is 3.5%, a little below the national average of 4.3%. That's the county-wide rate; BLS doesn't measure a place this size on its own.
Wabash County (county-wide)
Getting around▼ 37% below US
17 min average commute
Commutes run short here, averaging 16.5 minutes. That's an underrated perk of living in a smaller or well-planned city, where time isn't lost sitting in traffic. 9 in 10 workers drive to work.
How workers get to work
Climate
Summers are warm, with highs around 83°F, and winters are cold, with lows around 21°F and snow a regular occurrence. Rainfall is regular throughout the year.
Average month
30-year averages, 1991–2020
Healthcare
1 hospital
There's one Medicare-certified hospital inside city limits, rated 3.0 out of 5 by Medicare. Hospitals in neighboring towns aren't counted here.
Medicare-certified hospitals
Education & workforce▼ 35% below US
23% bachelor's degree or higher
College degree attainment runs below average at 23%. That tends to reflect a more trade and working-class economy, which can be great or limiting depending on the industry.
Schools
4 public schools inside the boundary
There are 4 public schools inside the boundary and 2 private schools. The student-to-teacher ratio is 16:1, close to the national average of 16:1.
Parks & recreation
The nearest national park or historic site is Indiana Dunes National Park (87 miles away).
Bottom line
Wabash's strongest points are rent below the national average and home prices that remain within reach; the main tradeoffs are household incomes below the national average and cold winters. A year of median rent ($739/mo) equals 17% of the median household income here, less than the 21% typical nationwide. It tends to suit people watching their budget and people who want short commutes. It may be a harder fit for anyone who doesn't drive.
Other places near Wabash
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