Cost of Living in Henry 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 Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #1,382 of 3,142 counties for affordability (top 44%)
Sourced county brief
Henry County Median Gross Rent Estimated at $820 Monthly
In Henry County, the median gross rent was estimated at $820 per month, which is below the Indiana unweighted county mean of $911. The median home value for the area was $154,400, compared to the unweighted state county mean of $191,899. For owner-occupied housing units, the median monthly owner cost reached $838, roughly $113 lower than the state unweighted county mean of $951. Renter households in the county reported a median income of $36,962. The official ACS B25071 gross rent as a percentage of household income (GRAPI) was 26.3%, serving as the canonical rentToIncomePct. This percentage is 0.6 percentage points lower than the Indiana unweighted county mean of 26.9%. These statistics represent a snapshot of housing costs and income levels across the 2020-2024 period without reflecting subsequent market shifts. 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: Henry County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.3% of renter household income in Henry 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 $820 per month; median selected monthly owner costs are $838. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,800 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. Henry County's $820 median is 10.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
15.6%
of gross income
Max Housing (28% Rule)
$1,474
per month
Owner Cost Burden
15.9%
of gross income
You can likely afford the median home in Henry County
Median home value is $154,400. Estimated monthly cost: $1,233 vs. your max of $1,474.
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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