Cost of Living in Floyd County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Floyd County, Indiana
Floyd balances higher incomes with rents
Floyd County renters spend 15.2% of their income on rent, right in the national sweet spot for affordability and reflecting the county's strongest median household income of $78,179. This southern Indiana county proves that higher wages can offset steeper housing costs.
Balanced affordability above state average
Floyd's 15.2% rent-to-income ratio edges just below the state average of 15.6%, placing it among Indiana's better-balanced housing markets. The county's strong income base helps residents weather its higher housing costs.
Premium rents offset by premium wages
Floyd's median rent of $990 ranks among the region's highest, but its $78,179 median income is also the strongest in this comparison. The county's premium wages translate into manageable housing costs despite elevated rents.
Higher costs, higher incomes balance out
Renters pay $990 monthly and homeowners $1,141 against a median income of $78,179, the highest pairing in this eight-county group. This strong earning power allows Floyd households to comfortably absorb housing costs that would strain lower-income counties.
Floyd works for well-paid professionals
If you're relocating to a job paying $75,000-plus, Floyd's 15.2% rent-to-income ratio offers real affordability despite higher nominal rents. The county's strong wage base makes premium housing costs manageable for professional households.
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
15.2%
of gross income
Max Housing (28% Rule)
$1,824
per month
Owner Cost Burden
17.5%
of gross income
The median home in Floyd County may be a stretch
Median home value is $235,100. Estimated monthly cost: $1,877 vs. your max of $1,824.
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.