Cost of Living in Fayette County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Fayette County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Fayette County, Indiana
Fayette offers budget-friendly housing
Fayette County renters spend 16.5% of their income on rent, above the national ideal but still within manageable range for working families. This southeastern Indiana county delivers genuine affordability, especially compared to high-cost metro areas nationwide.
Below-average rental costs statewide
Fayette's 16.5% rent-to-income ratio sits slightly above the state average of 15.6%, placing it in the middle tier of Indiana's affordability spectrum. The county offers reasonable housing costs without ranking among the state's cheapest options.
Among the region's most affordable
Fayette's median rent of $779 is the lowest in this eight-county comparison, beating the state average of $883 considerably. The county's low-cost housing combines with modest incomes to create genuine small-town affordability.
Housing costs stay manageable
Renters pay $779 monthly while homeowners spend $727 against a median income of $56,659, keeping housing at roughly 17% of household budget. This affordable structure works well for fixed-income households and young families.
Fayette welcomes budget-conscious movers
If you're seeking genuine affordability in a rural Indiana setting, Fayette's $779 median rent and 16.5% cost ratio deserve your attention. Use this county's metrics as a benchmark for evaluating other small-town options.
Affordability Calculator
See how your income compares to housing costs in Fayette County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$1,322
per month
Owner Cost Burden
15.4%
of gross income
You can likely afford the median home in Fayette County
Median home value is $114,800. Estimated monthly cost: $916 vs. your max of $1,322.
Rent Affordability Guide
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.