Cost of Living in Harrison County, Indiana

$861/mo
Median Monthly Rent
$219,200
Median Home Value

At a Glance

Median Monthly Rent
$861/mo
2% below state average
Median Home Value
$219,200
22% below national
Rent-to-Income Ratio
25.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Harrison County Compares

Median monthly rent comparison

Harrison County$861/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$861/mo
Median Gross Rent
$219,200
Median Home Value
$956/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Harrison County ranks #579 of 3,144 counties for affordability (top 18%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Harrison County, Indiana

Harrison navigates affordability well

Harrison County residents earn $72,468—slightly below the national average of $74,755—yet maintain an excellent 14.3% rent-to-income ratio, the best among these eight counties. At $861 monthly, renters here achieve rare affordability-to-income balance for their income tier.

State's most efficient housing market

Harrison's 14.3% rent-to-income ratio is the lowest statewide in this analysis and well below Indiana's 15.6% average, positioning it as the county where income stretches furthest in housing terms. The median rent of $861 equals the state typical, demonstrating genuine efficiency rather than low-cost compensation.

Best rent-to-income combo statewide

Harrison's 14.3% ratio beats all seven peer counties despite earning just $72,468—slightly below Hancock but substantially above Grant County. The $861 rent matches Fulton County but on $9,590 more annual income, shifting affordability dramatically in Harrison's favor.

Harrison's remarkably balanced budget

Renters pay $861 while homeowners commit $956, with the higher homeowner cost likely reflecting southern Indiana's scenic river-valley premium properties valued at $219,200. At $72,468 income, Harrison residents spend only 14-16% on housing, preserving maximum flexibility for other needs.

Best-kept secret for balanced living

Harrison County offers the tightest affordability ratio for your income dollar anywhere in this analysis—ideal for middle-income earners seeking rural southern Indiana character. If you're relocating on a $70-75k income and want the best housing-cost efficiency, Harrison outperforms all alternatives here.

Cost of Living Advisory: Harrison County

Affordability Verdict

Harrison County offers affordable rental housing at a median of $861/month — about 14.3% of the typical household income here.

Rent vs. Own

At $861/month rent versus $956/month in owner costs, renting is roughly $95/month cheaper — a 10% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,440/year. For owner costs at the 28% rule, the required income is roughly $40,971/year. With a median household income of $72,468, most households can comfortably afford rent here. Notably, 25.0% of renter households in Harrison County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Indiana, Harrison County is less affordable than Owen County by roughly 6% ($861/mo vs $912/mo).

Affordability Calculator

See how your income compares to housing costs in Harrison County

$

Rent Burden

14.3%

of gross income

Max Housing (28% Rule)

$1,691

per month

Owner Cost Burden

15.8%

of gross income

The median home in Harrison County may be a stretch

Median home value is $219,200. Estimated monthly cost: $1,750 vs. your max of $1,691.

Rent Affordability Guide

Your rent-to-income ratio14.3%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,468Needed: $34,440
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,468Needed: $40,971
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,468Needed: $51,014

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

What is the cost of living in Harrison County, Indiana?
Harrison County, Indiana has a median monthly rent of $861/mo and a median home value of $219,200. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Harrison County?
The median gross rent in Harrison County is $861/mo. This is 2% below state average for Indiana.
Is Harrison County affordable?
Harrison County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Harrison County's rent compare to the state average?
Harrison County's median rent of $861/mo is 2% below state average of $883/mo for Indiana.
What is the median home value in Harrison County?
The median home value in Harrison County, Indiana is $219,200. This is 22% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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