Cost of Living in Hendricks County, Indiana

$1,364/mo

Median Monthly Rent

$281,500

Median Home Value

54% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,364/mo

54% above state average

Median Home Value

$281,500

0% below national

Rent-to-Income Ratio

27.0%

% 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 Hendricks County Compares

Median monthly rent comparison

Hendricks County$1,364/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$1,364/mo

Median Gross Rent

$281,500

Median Home Value

$1,371/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Hendricks County

Your Annual Household Income

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

Your rent-to-income ratio16.4%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hendricks County, Indiana?

Hendricks County, Indiana has a median monthly rent of $1,364/mo and a median home value of $281,500. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Hendricks County?

The median gross rent in Hendricks County is $1,364/mo. This is 54% above state average for Indiana.

Is Hendricks County affordable?

Hendricks County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Hendricks County's rent compare to the state average?

Hendricks County's median rent of $1,364/mo is 54% above state average of $883/mo for Indiana.

What is the median home value in Hendricks County?

The median home value in Hendricks County, Indiana is $281,500. This is 0% below the national median home value of $281,900.