Cost of Living in Carroll County, Indiana

$874/mo

Median Monthly Rent

$167,700

Median Home Value

1% below state averageUnaffordable

At a Glance

Median Monthly Rent

$874/mo

1% below state average

Median Home Value

$167,700

41% below national

Rent-to-Income Ratio

22.0%

% 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 Carroll County Compares

Median monthly rent comparison

Carroll County$874/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$874/mo

Median Gross Rent

$167,700

Median Home Value

$795/mo

Monthly Owner Cost

22.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Carroll County, Indiana

Carroll County offers modest rural affordability

Carroll County renters spend 16.4% of income on housing—below national affordability thresholds despite a median household income of $64,003, slightly below the U.S. average of $74,755. At $874 monthly rent, this north-central county delivers reasonable housing relief for rural Hoosiers earning modest incomes.

Slightly above Indiana's affordability standard

Carroll County's rent-to-income ratio of 16.4% exceeds Indiana's state average of 15.6% by 0.8 percentage points, placing it in the moderately expensive tier. Median rent of $874 falls just below the state median of $883, making Carroll nearly average within Indiana's rental landscape.

Middle ground between extremes

Carroll County's $874 rent positions it between Blackford's affordability champion ($635) and Allen County's metro prices ($976), serving as the region's middle option. Home values of $167,700 similarly occupy the middle ground, offering balance between accessibility and market appreciation potential.

Balanced budgeting for modest earners

Renters earning $64,003 annually ($5,334 monthly) allocate $874 to rent—16.4% of gross income, leaving reasonable cushion for other expenses. Homeowners pay just $795 monthly, an exceptional value suggesting Carroll's housing market offers attractive ownership pathways despite modest rental costs.

Carroll County: solid middle-ground choice

Carroll County delivers near-average Indiana rents ($874) and competitive home values ($167,700) with a manageable 16.4% rent-to-income ratio. If you're seeking small-town living without sacrificing affordability or amenities, Carroll offers genuine balance; verify local employment opportunities match your industry before committing to this quiet north-central county.

Affordability Calculator

See how your income compares to housing costs in Carroll County

Your Annual Household Income

Rent Burden

16.4%

of gross income

Max Housing (28% Rule)

$1,493

per month

Owner Cost Burden

14.9%

of gross income

You can likely afford the median home in Carroll County

Median home value is $167,700. Estimated monthly cost: $1,339 vs. your max of $1,493.

Rent Affordability Guide

Your rent-to-income ratio16.4%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carroll County, Indiana?

Carroll County, Indiana has a median monthly rent of $874/mo and a median home value of $167,700. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.

What is the median rent in Carroll County?

The median gross rent in Carroll County is $874/mo. This is 1% below state average for Indiana.

Is Carroll County affordable?

Carroll County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Carroll County's rent compare to the state average?

Carroll County's median rent of $874/mo is 1% below state average of $883/mo for Indiana.

What is the median home value in Carroll County?

The median home value in Carroll County, Indiana is $167,700. This is 41% below the national median home value of $281,900.