Cost of Living in LaGrange County, Indiana

$816/mo

Median Monthly Rent

$249,500

Median Home Value

8% below state averageUnaffordable

At a Glance

Median Monthly Rent

$816/mo

8% below state average

Median Home Value

$249,500

11% below national

Rent-to-Income Ratio

20.0%

% 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 LaGrange County Compares

Median monthly rent comparison

LaGrange County$816/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$816/mo

Median Gross Rent

$249,500

Median Home Value

$1,071/mo

Monthly Owner Cost

20.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in LaGrange County, Indiana

LaGrange County excels in rental affordability

With a rent-to-income ratio of just 11.7%, LaGrange County is the most affordable renting area in this analysis, well below the national norm. Despite a median household income of $83,741—above the national average of $74,755—residents pay only $816 in monthly rent.

Best rental affordability in Indiana's comparison

LaGrange County's 11.7% rent-to-income ratio is significantly lower than Indiana's 15.6% state average, making it an outlier for affordability. Its $816 median rent is $67 below the state average despite above-average incomes.

Unmatched rental value in the region

LaGrange County's $816 rent and 11.7% affordability ratio far exceed neighboring counties—Kosciusko County renters pay $995 and dedicate 16.1% of income. This county stands apart as a regional affordability champion.

Low housing burden enables wealth building

Renters allocate just 11.7% of income to housing, while homeowners spend about 15.3% on mortgage payments for a median home value of $249,500. This leaves LaGrange residents substantial discretionary income compared to state and national peers.

LaGrange County is affordability gold

If rental affordability is your priority, LaGrange County offers the best value in this analysis with 11.7% rent-to-income ratios and above-average incomes. It's worth serious consideration if you value financial breathing room and reasonable housing costs.

Affordability Calculator

See how your income compares to housing costs in LaGrange County

Your Annual Household Income

Rent Burden

11.7%

of gross income

Max Housing (28% Rule)

$1,954

per month

Owner Cost Burden

15.3%

of gross income

The median home in LaGrange County may be a stretch

Median home value is $249,500. Estimated monthly cost: $1,992 vs. your max of $1,954.

Rent Affordability Guide

Your rent-to-income ratio11.7%

Recommended max30.0%

Frequently Asked Questions

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

LaGrange County, Indiana has a median monthly rent of $816/mo and a median home value of $249,500. The affordability rating is Unaffordable, with rent making up approximately 20.0% of median household income.

What is the median rent in LaGrange County?

The median gross rent in LaGrange County is $816/mo. This is 8% below state average for Indiana.

Is LaGrange County affordable?

LaGrange County is rated Unaffordable based on rent-to-income ratio of 20.0%. Spending over 50% of income on rent is generally considered unaffordable.

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

LaGrange County's median rent of $816/mo is 8% below state average of $883/mo for Indiana.

What is the median home value in LaGrange County?

The median home value in LaGrange County, Indiana is $249,500. This is 11% below the national median home value of $281,900.