Cost of Living in Gibson County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gibson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gibson County ranks #981 of 3,144 counties for affordability (top 31%)
Data Story
About Cost of Living in Gibson County, Indiana
Gibson keeps pace with national affordability
Gibson County's rent-to-income ratio of 16.2% sits just above the national standard, with renters paying $914 monthly on a $67,763 median income. This performance is nearly 10% better than the national average household income, suggesting residents have managed modest affordability gains.
Slightly strained on Indiana's scale
At 16.2%, Gibson's rent-to-income ratio exceeds Indiana's 15.6% state average, placing it in the less-affordable tier statewide. The county's median rent of $914 also runs above the state mean of $883, indicating moderately tighter housing markets than most Indiana peers.
Higher rents, stronger incomes nearby
Gibson County's $914 rent is the highest among its rural northwestern Indiana neighbors, though paired with a stronger median income ($67,763) than Fulton County ($62,878). Homeowners benefit from median property values of $170,500—a step up in equity versus nearby counties.
Gibson's housing cost structure
Renters allocate $914 monthly while homeowners commit $863, making Gibson's homeownership option nearly equivalent in monthly cost. At $67,763 annual income, housing claims roughly 16% of household budgets for renters—manageable but not generous.
Mid-range Indiana living awaits
Gibson County offers a sweet spot for families seeking moderate incomes, slightly elevated rents, and solid home values in quiet rural surroundings. Cross-reference against Hancock County's higher incomes or Grant County's cheaper baseline if you're weighing relocation options.
Cost of Living Advisory: Gibson County
Affordability Verdict
Gibson County offers affordable rental housing at a median of $914/month — about 16.2% of the typical household income here.
Rent vs. Own
At $914/month rent versus $863/month in owner costs, owning is roughly $51/month cheaper — a 6% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,560/year. For owner costs at the 28% rule, the required income is roughly $36,986/year. With a median household income of $67,763, most households can comfortably afford rent here. Notably, 24.0% of renter households in Gibson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Gibson County sits 6% more expensive than Fulton County ($861/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Gibson County
Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$1,581
per month
Owner Cost Burden
15.3%
of gross income
You can likely afford the median home in Gibson County
Median home value is $170,500. Estimated monthly cost: $1,361 vs. your max of $1,581.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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
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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.
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