Cost of Living in Marion County, Indiana

$1,107/mo
Median Monthly Rent
$207,000
Median Home Value
25% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,107/mo
25% above state average
Median Home Value
$207,000
27% below national
Rent-to-Income Ratio
30.0%
% 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 Marion County Compares

Median monthly rent comparison

Marion County$1,107/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$1,107/mo
Median Gross Rent
$207,000
Median Home Value
$1,144/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marion County, Indiana

Marion's rent burden tops national norms

Marion County renters spend 20.9% of their income on housing, outpacing the national affordability sweet spot of roughly 18%. The county's median household income of $63,450 falls about $11,300 short of the national median, tightening budgets across the board.

Among Indiana's priciest counties

At a 20.9% rent-to-income ratio, Marion County ranks among the least affordable in Indiana, where the state average sits at 15.6%. The median rent of $1,107 runs $224 above the state average, making Marion one of the costlier places to rent in the state.

Notably steeper than surrounding areas

Marion County's median rent of $1,107 significantly exceeds nearby Morgan County ($988) and Marshall County ($936), though it remains cheaper than Monroe County's $1,151. The income-adjusted burden in Marion is also higher, reflecting both elevated costs and lower median household income relative to neighbors like Morgan County.

Where Marion's income goes

The typical Marion County renter pays $1,107 monthly while earning $5,287 gross—leaving just 20.9% for housing. Homeowners with a $207,000 median home value face $1,144 in monthly costs, consuming similar portions of that $63,450 household income.

Weighing Marion against Indiana options

If housing affordability is a priority, compare Marion's 20.9% rent burden to more affordable neighbors like Martin County (11.8%) or Montgomery County (14.9%). Marion's higher costs may be justified by urban amenities and job density, but renters and buyers should run the numbers against neighboring counties before deciding.

Affordability Calculator

See how your income compares to housing costs in Marion County

$

Rent Burden

20.9%

of gross income

Max Housing (28% Rule)

$1,481

per month

Owner Cost Burden

21.6%

of gross income

The median home in Marion County may be a stretch

Median home value is $207,000. Estimated monthly cost: $1,653 vs. your max of $1,481.

Rent Affordability Guide

Your rent-to-income ratio20.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marion County, Indiana?
Marion County, Indiana has a median monthly rent of $1,107/mo and a median home value of $207,000. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Marion County?
The median gross rent in Marion County is $1,107/mo. This is 25% above state average for Indiana.
Is Marion County affordable?
Marion County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marion County's rent compare to the state average?
Marion County's median rent of $1,107/mo is 25% above state average of $883/mo for Indiana.
What is the median home value in Marion County?
The median home value in Marion County, Indiana is $207,000. This is 27% 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.