Cost of Living in Hendricks County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hendricks County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hendricks County ranks #1,847 of 3,144 counties for affordability (bottom 41%)
Data Story
About Cost of Living in Hendricks County, Indiana
Hendricks balances affluence with strain
Hendricks County households earn $99,988—34% above the national average—but face a 16.4% rent-to-income ratio, the joint-highest in this analysis. At $1,364 monthly rent, Hendricks represents high-income living with premium housing costs that consume more earnings than expected.
High income, high housing pressure
Hendricks's 16.4% rent-to-income ratio matches Fulton County and exceeds Indiana's 15.6% state average, surprising given strong $99,988 median incomes. The median rent of $1,364 ranks second-highest among these eight counties, indicating suburban Indianapolis pricing pressure.
Premium Indianapolis suburb pricing
Hendricks's $1,364 rent is second only to Hamilton County ($1,468) and its $281,500 median home value trails only Hamilton's $379,100, positioning it as an affluent commuter-shed community. Despite strong incomes, residents here pay more proportionally than similarly-earning Hancock County.
Hendricks's income-housing tension
Renters allocate $1,364 monthly while homeowners pay $1,371—nearly identical and the second-highest monthly costs in the analysis. Even at $99,988 income, this consumes 16% of household budgets, leaving these affluent residents less discretionary room than lower-cost Hancock or Harrison counties.
Premium Indianapolis suburb life
Hendricks County attracts high-earners seeking quality schools and suburban amenities near Indianapolis, but those incomes get taxed heavily by housing costs relative to peers. Compare with Hancock County's better affordability-to-income ratio if you value dollars-over-prestige in your relocation.
Cost of Living Advisory: Hendricks County
Affordability Verdict
Housing in Hendricks County is affordable. The median rent is $1,364/month against a median household income of $99,988, putting rent at 16.4% of income.
Rent vs. Own
Renters in Hendricks County pay $1,364/month on average, compared to $1,371/month for homeowners. This market favors renters by about 1%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $54,560/year. For owner costs at the 28% rule, the required income is roughly $58,757/year. With a median household income of $99,988, most households can comfortably afford rent here. Notably, 27.0% of renter households in Hendricks County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Hendricks County is more affordable than Boone County by roughly 6% ($1,364/mo vs $1,283/mo).
Affordability Calculator
See how your income compares to housing costs in Hendricks County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$2,333
per month
Owner Cost Burden
16.5%
of gross income
You can likely afford the median home in Hendricks County
Median home value is $281,500. Estimated monthly cost: $2,247 vs. your max of $2,333.
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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