CostBy County

Cost of Living in Benton County, Indiana

$774/mo
Median Monthly Rent
$151,000
Median Home Value

At a Glance

Median Monthly Rent
$774/mo
15% below state average
Median Home Value
$151,000
55% below national
Census GRAPI
25.8%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Benton County Compares

Median monthly rent comparison

Benton County$774/mo
Indiana Average$911/mo
National Median$1,413/mo

Detailed Housing Stats

$774/mo
Median Gross Rent
$151,000
Median Home Value
$915/mo
Monthly Owner Cost
25.8%
Census GRAPI

National Ranking

Affordability Rank

Benton County ranks #1,366 of 3,142 counties for affordability (top 43%)

Most AffordableLeast Affordable

Sourced county brief

Benton County Median Gross Rent Percentage Below State Mean

In Benton County, the official median gross rent as a percentage of household income (GRAPI) is 25.8 percent, which is 1.1 percentage points below the Indiana unweighted county mean of 26.9 percent. The median gross rent was estimated at $774 per month, while the state unweighted county mean is $911. The median home value in the county was $151,000, which is below the state unweighted county mean of $191,899. Selected monthly owner costs for all owner-occupied units are $915, compared to the state unweighted county mean of $951. The median renter-household income is $30,947. These statistics represent a static observation of the county's housing market costs during the 2020-2024 ACS period and do not include causal explanations. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Benton County

Affordability Verdict

ACS B25071 estimates median gross rent at 25.8% of renter household income in Benton County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $774 per month; median selected monthly owner costs are $915. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $30,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The Indiana unweighted mean of county median rents is $911 per month. Benton County's $774 median is 15.0% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Benton County

$

Rent Burden

14.1%

of gross income

Max Housing (28% Rule)

$1,537

per month

Owner Cost Burden

16.7%

of gross income

You can likely afford the median home in Benton County

Median home value is $151,000. Estimated monthly cost: $1,205 vs. your max of $1,537.

Rent Affordability Guide

Your entered rent as a share of entered income14.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,875Needed: $30,960
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,875Needed: $39,214
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,875Needed: $35,142

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Benton County, Indiana?
Benton County, Indiana has a median monthly rent of $774/mo and a median home value of $151,000. The affordability rating is Affordable, with median gross rent equal to approximately 25.8% of renter household income.
What is the median rent in Benton County?
The median gross rent in Benton County is $774/mo. This is 15% below state average for Indiana.
Is Benton County affordable?
Benton County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 25.8%. Median gross rent is under 30% of renter household income.
How does Benton County's rent compare to the state average?
Benton County's median rent of $774/mo is 15% below state average of $911/mo for Indiana.
What is the median home value in Benton County?
The median home value in Benton County, Indiana is $151,000. This is 55% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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