Cost of Living in Grant County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Grant County, Indiana
Grant faces Indiana's tightest affordability squeeze
Grant County households struggle most: a 17.8% rent-to-income ratio—the highest among these eight counties—combined with a $54,007 median income, nearly 28% below the national average. On paper, $799 rent looks cheap; in practice, it consumes nearly one-fifth of household earnings.
Worst affordability in Indiana's lineup
Grant's 17.8% rent-to-income ratio significantly exceeds Indiana's 15.6% state average, making it the least affordable county in this analysis. The median rent of $799 saves just $84 versus the state average, while incomes lag peers by thousands annually.
Cheapest rents, lowest incomes
Grant's $799 rent is the lowest in the group, but paired with the lowest median income ($54,007), the savings evaporate in affordability terms. The $116,000 median home value represents the cheapest properties available, but financing remains challenging on limited incomes.
Grant's precarious balance
Renters spend $799 monthly while homeowners pay $776—nearly identical, but on an income of just $54,007, either path consumes roughly 18% of earnings. This leaves Grant residents with the tightest margins for healthcare, transportation, and savings among all eight counties.
Grant: affordable only if income matches
Grant County's rock-bottom housing costs attract budget seekers, but its lower-income workforce suggests relocation works best for remote workers or those with portable, higher-wage jobs. Compare income and job prospects carefully before moving; affordability disappears if your income also drops.
Affordability Calculator
See how your income compares to housing costs in Grant County
Rent Burden
17.8%
of gross income
Max Housing (28% Rule)
$1,260
per month
Owner Cost Burden
17.2%
of gross income
You can likely afford the median home in Grant County
Median home value is $116,000. Estimated monthly cost: $926 vs. your max of $1,260.
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.