Cost of Living in Delaware County, Indiana

$874/mo
Median Monthly Rent
$127,600
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$874/mo
1% below state average
Median Home Value
$127,600
55% below national
Rent-to-Income Ratio
31.0%
% 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 Delaware County Compares

Median monthly rent comparison

Delaware County$874/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$874/mo
Median Gross Rent
$127,600
Median Home Value
$774/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Delaware County, Indiana

Delaware rents strain modest incomes

Delaware County renters spend 18.4% of their income on rent, significantly above the national comfort zone and approaching the danger threshold for affordability. The county's lower median household income of $56,932 makes housing costs bite harder here than in wealthier regions.

Among Indiana's least affordable counties

Delaware ranks below the state average rent-to-income ratio of 15.6%, with its 18.4% placing it among Indiana's more expensive counties relative to local incomes. This gap signals housing pressure that exceeds most of the state.

Higher rents, lower incomes create squeeze

Delaware's $874 median rent sits above the state average of $883 while incomes lag peers in surrounding counties. This combination makes Delaware one of the region's tighter housing markets for renters on limited budgets.

Housing costs consume household budgets

Renters pay $874 monthly against a median income of just $56,932, using nearly a fifth of gross income for rent alone. Homeowners fare slightly better at $774 monthly, but both groups feel the affordability pinch in Delaware.

Delaware demands careful budget planning

If you're considering Delaware, factor in that housing absorbs a larger share of household income than most Indiana counties. Shop neighboring counties for comparison—a short move could meaningfully improve your housing affordability.

Affordability Calculator

See how your income compares to housing costs in Delaware County

$

Rent Burden

18.4%

of gross income

Max Housing (28% Rule)

$1,328

per month

Owner Cost Burden

16.3%

of gross income

You can likely afford the median home in Delaware County

Median home value is $127,600. Estimated monthly cost: $1,019 vs. your max of $1,328.

Rent Affordability Guide

Your rent-to-income ratio18.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Delaware County, Indiana?
Delaware County, Indiana has a median monthly rent of $874/mo and a median home value of $127,600. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Delaware County?
The median gross rent in Delaware County is $874/mo. This is 1% below state average for Indiana.
Is Delaware County affordable?
Delaware County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Delaware County's rent compare to the state average?
Delaware County's median rent of $874/mo is 1% below state average of $883/mo for Indiana.
What is the median home value in Delaware County?
The median home value in Delaware County, Indiana is $127,600. This is 55% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Delaware County, Indiana? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Delaware County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.