Cost of Living in Greene County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Greene County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Greene County ranks #1,073 of 3,144 counties for affordability (top 34%)
Data Story
About Cost of Living in Greene County, Indiana
Greene keeps housing manageable
Greene County renters spend just 15.8% of income on rent—below the state average and competitive nationally—despite earning $59,753, about 20% less than the U.S. median. At $788 monthly, Greene offers some of Indiana's cheapest rents without sacrificing rural livability.
Indiana's affordability sweet spot
Greene's 15.8% rent-to-income ratio edges just above Indiana's 15.6% average, placing it among the state's most balanced housing markets. The median rent of $788 is the second-lowest in this group, undercutting the state average by $95 monthly.
Best value in south-central Indiana
Greene's $788 rent and $129,900 median home value offer solid value against nearby counties, trailing only Grant in rental pricing while maintaining stronger incomes ($59,753 vs. Grant's $54,007). The combination makes Greene attractive for budget-conscious households seeking rural stability.
Greene's balanced housing equation
Renters allocate $788 monthly while homeowners pay $742—making ownership the more affordable path and freeing roughly 15% of the $59,753 median income for non-housing needs. This leaves Greene residents among the most balanced in the analysis.
Rural Indiana's underrated gem
Greene County delivers rare affordability: low rents, achievable home prices, and reasonable income-to-housing ratios in a quiet, rural setting. If you're weighing south-central Indiana options, Greene's fundamentals outpace Grant County's lower absolute costs and match or beat nearby alternatives.
Cost of Living Advisory: Greene County
Affordability Verdict
Greene County is affordable for renters, with a median gross rent of $788/month representing approximately 15.8% of median household income. The rent burden (GRAPI) stands at 25.0%.
Rent vs. Own
The median rent in Greene County is $788/month, while owner costs run $742/month. Owning saves approximately $46/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,520/year. For owner costs at the 28% rule, the required income is roughly $31,800/year. With a median household income of $59,753, most households can comfortably afford rent here. Notably, 25.0% of renter households in Greene County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Greene County sits 8% more expensive than Parke County ($731/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Greene County
Rent Burden
15.8%
of gross income
Max Housing (28% Rule)
$1,394
per month
Owner Cost Burden
14.9%
of gross income
You can likely afford the median home in Greene County
Median home value is $129,900. Estimated monthly cost: $1,037 vs. your max of $1,394.
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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