Cost of Living in Daviess County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Daviess County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Daviess County ranks #764 of 3,144 counties for affordability (top 24%)
Data Story
About Cost of Living in Daviess County, Indiana
Daviess County's strong affordability
Daviess County residents spend just 14.7% of their $68,561 income on rent—below both the national and Indiana state averages—making it one of the region's most affordable housing markets. At $837 monthly, median rent pairs with respectable local incomes to create favorable housing economics.
Daviess excels on state metrics
Daviess County's 14.7% rent-to-income ratio ranks it among Indiana's most affordable counties, falling just below the state average of 15.6%. This strong performance reflects balanced housing costs and solid regional wages.
Daviess matches Clay's rental pricing
Daviess County's $837 monthly rent ties with Clay County as the second-lowest in the region, beating Clinton ($915) and Clark ($1,058) while sitting just $59 above Cass ($778). Yet Daviess delivers higher median income ($68,561) than any peer except Dearborn and Decatur, creating superior overall affordability.
Daviess' efficient housing allocation
Daviess County households earning $68,561 allocate $837 to rent or $802 to mortgage payments—consuming 14.7% and 14.0% of income respectively. With median home values of $187,500, owners enjoy the region's lowest mortgage-to-income ratios.
Daviess: Top-tier Indiana choice
If you're relocating to Indiana and optimizing for housing affordability plus local income stability, Daviess County offers one of the state's best overall packages. Its 14.7% rent-to-income ratio rivals Clay County while delivering higher wages, making it exceptional value for cost-conscious relocators.
Cost of Living Advisory: Daviess County
Affordability Verdict
For renters in Daviess County, the market is affordable. Expect to pay around $837/month in gross rent, with 24.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Daviess County is $837/month, while owner costs run $802/month. Owning saves approximately $35/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,480/year. For owner costs at the 28% rule, the required income is roughly $34,371/year. With a median household income of $68,561, most households can comfortably afford rent here. Notably, 24.0% of renter households in Daviess County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Daviess County sits 7% more expensive than Vermillion County ($785/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Daviess County
Rent Burden
14.6%
of gross income
Max Housing (28% Rule)
$1,600
per month
Owner Cost Burden
14.0%
of gross income
You can likely afford the median home in Daviess County
Median home value is $187,500. Estimated monthly cost: $1,497 vs. your max of $1,600.
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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