Cost of Living in Carroll County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
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 Carroll County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Carroll County ranks #1,557 of 3,142 counties for affordability (top 50%)
Sourced county brief
Carroll County Rent to Income Percentage Lower Than State Mean
Carroll County's official median gross rent as a percentage of household income (GRAPI) is 22.5 percent, representing a 4.4 percentage point difference below the Indiana unweighted county mean of 26.9 percent. The median gross rent was estimated at $890 per month, compared to the state unweighted county mean of $911. Home values in the county have a median of $180,900, while the state unweighted county mean is $191,899. The median selected monthly owner cost for all owner-occupied units is $806, which is $145 below the state unweighted county mean of $951. Median renter-household income is estimated at $46,015. These observations are based on the ACS 2020-2024 5-Year Estimates and are intended for data reporting rather than financial guidance or market forecasting. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Carroll County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.5% of renter household income in Carroll 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 $890 per month; median selected monthly owner costs are $806. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,600 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. Carroll County's $890 median is 2.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Carroll County
Rent Burden
16.3%
of gross income
Max Housing (28% Rule)
$1,532
per month
Owner Cost Burden
14.7%
of gross income
You can likely afford the median home in Carroll County
Median home value is $180,900. Estimated monthly cost: $1,444 vs. your max of $1,532.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: 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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