Cost of Living in Daviess County, Indiana

$837/mo

Median Monthly Rent

$187,500

Median Home Value

5% below state averageUnaffordable

At a Glance

Median Monthly Rent

$837/mo

5% below state average

Median Home Value

$187,500

33% below national

Rent-to-Income Ratio

24.0%

% 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 Daviess County Compares

Median monthly rent comparison

Daviess County$837/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$837/mo

Median Gross Rent

$187,500

Median Home Value

$802/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Daviess County

Your Annual Household Income

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

Your rent-to-income ratio14.6%

Recommended max30.0%

Frequently Asked Questions

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

Daviess County, Indiana has a median monthly rent of $837/mo and a median home value of $187,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Daviess County?

The median gross rent in Daviess County is $837/mo. This is 5% below state average for Indiana.

Is Daviess County affordable?

Daviess County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

Daviess County's median rent of $837/mo is 5% below state average of $883/mo for Indiana.

What is the median home value in Daviess County?

The median home value in Daviess County, Indiana is $187,500. This is 33% below the national median home value of $281,900.