Cost of Living in Jay County, Indiana

$766/mo
Median Monthly Rent
$110,100
Median Home Value
13% below state averageUnaffordable

At a Glance

Median Monthly Rent
$766/mo
13% below state average
Median Home Value
$110,100
61% below national
Rent-to-Income Ratio
26.0%
% 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 Jay County Compares

Median monthly rent comparison

Jay County$766/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$766/mo
Median Gross Rent
$110,100
Median Home Value
$745/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Jay County, Indiana

Jay County's Income and Housing Challenge

Jay County faces the hardest affordability battle in this regional cluster, with a 17.0% rent-to-income ratio and the lowest median household income at just $54,114—nearly $21,000 below the national average. At $766 monthly, rents are the cheapest available, but incomes simply don't stretch far enough to ease the burden.

Jay County's Affordability Struggle

Jay County's 17.0% rent-to-income ratio exceeds Indiana's 15.6% state average, and its median income of $54,114 ranks among the state's lowest. The county's rock-bottom housing costs at $766 monthly can't fully compensate for wages that lag statewide norms.

Jay County: The Region's Toughest Market

Jay County's 17.0% rent burden and $54,114 median income stand out as the least favorable in this cluster—even Henry County's lower incomes are cushioned by better housing-to-income ratios. At $766 monthly, Jay's rents are the cheapest, but that advantage disappears against wages stretched thin.

Jay County's Tight Housing Equation

Jay County residents earning just $54,114 annually dedicate about $766 monthly to rent—17.0% of gross income, the highest burden here. Homeownership at $745 monthly on properties valued around $110,100 looks affordable in isolation but demands careful budgeting given limited local incomes.

Jay County: Proceed With Caution

Jay County's ultra-cheap housing costs of $766 monthly and home values under $111,000 attract relocators on tight budgets, but the county's low median income of $54,114 signals limited job prospects. Only consider Jay if you're relocating with employment already secured or remote work that pays above-county-median wages.

Affordability Calculator

See how your income compares to housing costs in Jay County

$

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,263

per month

Owner Cost Burden

16.5%

of gross income

You can likely afford the median home in Jay County

Median home value is $110,100. Estimated monthly cost: $879 vs. your max of $1,263.

Rent Affordability Guide

Your rent-to-income ratio17.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Jay County, Indiana?
Jay County, Indiana has a median monthly rent of $766/mo and a median home value of $110,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Jay County?
The median gross rent in Jay County is $766/mo. This is 13% below state average for Indiana.
Is Jay County affordable?
Jay County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Jay County's rent compare to the state average?
Jay County's median rent of $766/mo is 13% below state average of $883/mo for Indiana.
What is the median home value in Jay County?
The median home value in Jay County, Indiana is $110,100. This is 61% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.