Indiana

Living wage in Anderson, Indiana

Most of Anderson is in Madison County, where a full-time job needs to pay at least $33.07 an hour before taxes to take home four times the typical studio rent.

Pay needed, before taxes$33.07/hrMadison County standard
At Anderson's middle rent$32.10/hrstudio rent $1,040 a month
Check a job's pay hereAll the numbers for Madison County

Across the 7 ZIP codes in Anderson with HUD rent figures, studio rents run from $980 to $1,150 a month. At the middle rent, $1,040, a full-time job would need to pay $32.10 an hour before taxes.

ZIP codes in Anderson

What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.

ZIPCountyStudio rentPay needed
46011Madison County$1,150/mo$35.81/hr
46012Madison County$1,070/mo$33.07/hr
46013Madison County$980/mo$30.17/hr
46015Madison County$1,010/mo$31.14/hr
46016Madison County$1,050/mo$32.43/hr
46017Madison County$1,040/mo$32.10/hr
46018Madison County$1,010/mo$31.14/hr

Questions

How much do you need to make to live in Anderson, Indiana?

Under the Four Times Rent standard, a full-time job in Anderson needs to pay at least $33.07 an hour before taxes, about $68,793 a year. That is the figure for Madison County, where the typical studio rent is $1,070 a month.

Does it vary by neighborhood?

Yes. Across the 7 ZIP codes in Anderson with HUD rent figures, studio rents run from $980 to $1,150 a month. At the middle rent of $1,040, the pay needed would be $32.10 an hour.

How does that compare with the minimum wage?

The minimum wage in Madison County is $7.25 an hour. The Four Times Rent standard there is 4.6 times that.

The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads