Cost of Living in Benton County, Indiana

$834/mo
Median Monthly Rent
$135,400
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$834/mo
6% below state average
Median Home Value
$135,400
52% below national
Rent-to-Income Ratio
27.0%
% of income spent on rent

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

Affordability Rating
Unaffordable
Rent over 50% of income

How Benton County Compares

Median monthly rent comparison

Benton County$834/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$834/mo
Median Gross Rent
$135,400
Median Home Value
$864/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Benton County, Indiana

Benton County offers modest affordability relief

Benton County renters spend 16.2% of income on housing—below the national affordability threshold and competitive with most U.S. counties. At a median household income of $61,811 (17% below the national average of $74,755) with $834 monthly rent, this rural county delivers accessible housing despite below-average earning power.

Slightly above Indiana's affordability average

Benton County's rent-to-income ratio of 16.2% edges above Indiana's state average of 15.6%, though modestly. With median rent of $834, it falls just below the state median of $883, positioning Benton as a borderline-affordable option within Indiana's rental landscape.

Competitive with surrounding rural areas

Benton County's $834 rent undercuts nearby Carroll County ($874) and rivals Adams County ($799) in rural affordability. Home values of $135,400 represent one of Indiana's lowest, offering entry-level ownership opportunities in this sparsely populated northwest region.

Tight household budgets benefit from low housing

Renters earning $61,811 annually ($5,151 monthly) allocate $834 to rent—16.2% of gross income, leaving modest cushion for other essentials. Homeowners pay $864 monthly, creating similar affordability pressures across both tenure types in this lower-income county.

Benton County: maximum affordability, minimal income

Benton County delivers some of Indiana's lowest home values ($135,400) and reasonable rents, but earn the lowest median household income statewide at $61,811. If housing cost is your sole concern, Benton offers relief; if career advancement and income growth matter, weigh limited local job markets against its undeniable housing affordability.

Affordability Calculator

See how your income compares to housing costs in Benton County

$

Rent Burden

16.2%

of gross income

Max Housing (28% Rule)

$1,442

per month

Owner Cost Burden

16.8%

of gross income

You can likely afford the median home in Benton County

Median home value is $135,400. Estimated monthly cost: $1,081 vs. your max of $1,442.

Rent Affordability Guide

Your rent-to-income ratio16.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Benton County, Indiana?
Benton County, Indiana has a median monthly rent of $834/mo and a median home value of $135,400. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Benton County?
The median gross rent in Benton County is $834/mo. This is 6% below state average for Indiana.
Is Benton County affordable?
Benton County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Benton County's rent compare to the state average?
Benton County's median rent of $834/mo is 6% below state average of $883/mo for Indiana.
What is the median home value in Benton County?
The median home value in Benton County, Indiana is $135,400. This is 52% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.