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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Hendricks County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hendricks County ranks #2,821 of 3,142 counties for affordability (bottom 10%)
Sourced county brief
Hendricks County Median Renter-Household Income at $61,028
Median renter-household income in Hendricks County was estimated at $61,028. For households in renter-occupied units, the official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) was 28.6%, which is 1.7 percentage points above the Indiana unweighted county mean of 26.9%. Median gross rent was $1,436 per month, exceeding the state unweighted county mean of $911. The median home value in the county was $307,600, and median selected monthly owner costs were $1,410. These figures are above the state unweighted county means of $191,899 for home value and $951 for owner costs. Data is sourced from the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Hendricks County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.6% of renter household income in Hendricks County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,436 per month; median selected monthly owner costs are $1,410. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $57,440 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Hendricks County's $1,436 median is 57.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Hendricks County
Rent Burden
17.0%
of gross income
Max Housing (28% Rule)
$2,360
per month
Owner Cost Burden
16.7%
of gross income
The median home in Hendricks County may be a stretch
Median home value is $307,600. Estimated monthly cost: $2,456 vs. your max of $2,360.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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