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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Fayette County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Fayette County ranks #936 of 3,142 counties for affordability (top 30%)
Sourced county brief
Fayette County Rent-to-Income Percentage Reaches 31.8 Percent
The official rentToIncomePct in Fayette County is 31.8%, which differs from the Indiana unweighted county mean of 26.9% by 4.9 percentage points. This 31.8% figure is the official ACS B25071 GRAPI. Median gross rent in the county was estimated at $791 per month, which is below the state unweighted mean of $911. For owner-occupied housing, the median home value is $130,700 and the median monthly owner cost for all units is $732, both falling below the state unweighted county means of $191,899 and $951, respectively. Renter households in Fayette County have a median income of $30,296. These values represent a snapshot of median costs and incomes at the county level. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Fayette County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.8% of renter household income in Fayette County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $791 per month; median selected monthly owner costs are $732. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,640 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Fayette County's $791 median is 13.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Fayette County
Rent Burden
16.0%
of gross income
Max Housing (28% Rule)
$1,384
per month
Owner Cost Burden
14.8%
of gross income
You can likely afford the median home in Fayette County
Median home value is $130,700. Estimated monthly cost: $1,043 vs. your max of $1,384.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Fayette County, Indiana?
What is the median rent in Fayette County?
Is Fayette County affordable?
How does Fayette County's rent compare to the state average?
What is the median home value in Fayette County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Fayette County, Indiana? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Fayette County
Whether you're buying in Fayette County, Indiana, or refinancing, compare rates from top lenders using the terms each lender provides.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.