Cost of Living in Jefferson County, Indiana

$865/mo
Median Monthly Rent
$180,600
Median Home Value
2% below state averageUnaffordable

At a Glance

Median Monthly Rent
$865/mo
2% below state average
Median Home Value
$180,600
36% 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 Jefferson County Compares

Median monthly rent comparison

Jefferson County$865/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$865/mo
Median Gross Rent
$180,600
Median Home Value
$866/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Jefferson County, Indiana

Jefferson County's Housing Affordability Strain

Jefferson County residents experience a 17.3% rent-to-income ratio, among the state's tightest, paired with a median household income of $59,987 that falls nearly $15,000 short of the national median. Monthly rents of $865 consume a troubling share of household budgets here.

Jefferson's Standing in Indiana

At 17.3%, Jefferson County's rent-to-income ratio ranks among Indiana's least affordable, exceeding the state average of 15.6% by 1.7 percentage points. The county's below-average income of $59,987 compounds the affordability challenge, making housing a significant budget strain.

Jefferson vs. Surrounding Counties

Jefferson County's 17.3% rent burden makes it one of the region's least affordable, surpassed only by Howard County at 17.6% and Jay County at 17.0%. While rents at $865 run moderate, the combination of modest housing costs and weak incomes creates persistent affordability pressure.

Jefferson County Housing Economics

Jefferson County residents earning the median $59,987 annually spend about $865 monthly on rent—a significant 17.3% of gross income. Homeowners face nearly identical $866 monthly costs on properties valued around $180,600, making ownership no easier than renting financially.

Relocating to Jefferson County?

Jefferson County's 17.3% rent-to-income ratio and modest incomes signal tight household budgets for most residents, making it a challenging move unless you're relocating with above-average income or employment already secured. If you're considering Jefferson for lower housing costs, recognize that the real affordability gains vanish without stable, competitive employment.

Affordability Calculator

See how your income compares to housing costs in Jefferson County

$

Rent Burden

17.3%

of gross income

Max Housing (28% Rule)

$1,400

per month

Owner Cost Burden

17.3%

of gross income

The median home in Jefferson County may be a stretch

Median home value is $180,600. Estimated monthly cost: $1,442 vs. your max of $1,400.

Rent Affordability Guide

Your rent-to-income ratio17.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Jefferson County, Indiana?
Jefferson County, Indiana has a median monthly rent of $865/mo and a median home value of $180,600. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Jefferson County?
The median gross rent in Jefferson County is $865/mo. This is 2% below state average for Indiana.
Is Jefferson County affordable?
Jefferson 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 Jefferson County's rent compare to the state average?
Jefferson County's median rent of $865/mo is 2% below state average of $883/mo for Indiana.
What is the median home value in Jefferson County?
The median home value in Jefferson County, Indiana is $180,600. This is 36% 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.