Cost of Living in Clark County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Clark County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Clark County ranks #2,528 of 3,144 counties for affordability (bottom 20%)
Data Story
About Cost of Living in Clark County, Indiana
Clark County's housing squeeze
Clark County residents spend 17.6% of their $72,298 median income on rent—exceeding both the national and state averages despite earning nearly in line with the U.S. median. At $1,058 per month, Clark County's rent is 20% above Indiana's state average, signaling tighter affordability in this market.
Among Indiana's pricier counties
Clark County ranks above the state average of 15.6% for rent-to-income ratio at 17.6%, placing it in the less affordable tier of Indiana counties. This combination of higher rents and moderate incomes makes Clark County one of the state's more expensive housing markets.
Clark leads region in rent costs
At $1,058 monthly, Clark County's median rent is the highest among its peer counties—exceeding Cass ($778), Clay ($837), and Daviess ($837) by significant margins. Only renters in Clinton County ($915) come close, making Clark the region's premium rental market.
Clark's housing payment reality
Clark County households earning $72,298 annually face $1,058 in monthly rent or $1,080 in mortgage payments, each consuming roughly 17.6% and 18% of income respectively. With a median home value of $212,400, ownership requires substantial financial capacity compared to neighboring counties.
Clark County isn't the bargain play
If housing affordability drives your relocation decision, Clark County's 17.6% rent-to-income ratio makes it less attractive than nearby alternatives like Clay or Daviess counties. However, if you're relocating for employment and income is less constrained, Clark's proximity to Louisville and stronger job market may justify the premium.
Cost of Living Advisory: Clark County
Affordability Verdict
Clark County offers affordable rental housing at a median of $1,058/month — about 17.6% of the typical household income here.
Rent vs. Own
Renters in Clark County pay $1,058/month on average, compared to $1,080/month for homeowners. This market favors renters by about 2%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $42,320/year. For owner costs at the 28% rule, the required income is roughly $46,286/year. With a median household income of $72,298, most households can comfortably afford rent here. Notably, 29.0% of renter households in Clark County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Bartholomew County where rent averages $1,110/month, Clark County is approximately 5% less expensive.
Affordability Calculator
See how your income compares to housing costs in Clark County
Rent Burden
17.6%
of gross income
Max Housing (28% Rule)
$1,687
per month
Owner Cost Burden
17.9%
of gross income
The median home in Clark County may be a stretch
Median home value is $212,400. Estimated monthly cost: $1,696 vs. your max of $1,687.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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