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
National Ranking
Affordability Rank
Grant County ranks #1,829 of 3,144 counties for affordability (bottom 42%)
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.
Cost of Living Advisory: Grant County
Affordability Verdict
For renters in Grant County, the market is affordable. Expect to pay around $799/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
At $799/month rent versus $776/month in owner costs, owning is roughly $23/month cheaper — a 3% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,960/year. For owner costs at the 28% rule, the required income is roughly $33,257/year. With a median household income of $54,007, most households can comfortably afford rent here. Notably, 26.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Grant County is less affordable than Ohio County by roughly 6% ($799/mo vs $852/mo).
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
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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