Cost of Living in Marshall County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Marshall County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Marshall County ranks #875 of 3,144 counties for affordability (top 28%)
Data Story
About Cost of Living in Marshall County, Indiana
Marshall County stays near national affordability
Marshall County renters spend 16.5% of income on housing, comfortably under the national benchmark and below what many households consider sustainable. With a median household income of $68,041—slightly below the national $74,755—the county delivers moderate housing costs relative to earnings.
Better than average for Indiana
Marshall County's 16.5% rent-to-income ratio beats Indiana's state average of 15.6% only slightly, but the median rent of $936 runs just $53 above state average. The county sits in the middle tier of Indiana affordability, neither a bargain nor a burden.
Comparable costs across the region
Marshall County's $936 median rent falls between Monroe County's steep $1,151 and Martin County's bargain $643, mirroring its mid-range income position. Neighbor Newton County ($927 rent) and Morgan County ($988) show similar affordability patterns, making Marshall a typical option in this part of Indiana.
Marshall County's housing equation
Renters earning the county median of $68,041 pay $936 monthly, consuming 16.5% of gross income for housing. Homeowners with a median home value of $184,500 face $917 in monthly costs, slightly lower than the renter burden and manageable within the county's income profile.
A balanced choice for Indiana movers
Marshall County offers reasonable affordability without extreme compromises; it's neither the cheapest nor most expensive option in the state. Families prioritizing stable housing-to-income ratios over rock-bottom costs will find Marshall a sensible, middle-ground choice.
Cost of Living Advisory: Marshall County
Affordability Verdict
For renters in Marshall County, the market is affordable. Expect to pay around $936/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Marshall County pay $936/month on average, compared to $917/month for homeowners. This market favors buyers by about 2%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,440/year. For owner costs at the 28% rule, the required income is roughly $39,300/year. With a median household income of $68,041, most households can comfortably afford rent here. Notably, 26.0% of renter households in Marshall County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Marshall County is less affordable than Morgan County by roughly 5% ($936/mo vs $988/mo).
Affordability Calculator
See how your income compares to housing costs in Marshall County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$1,588
per month
Owner Cost Burden
16.2%
of gross income
You can likely afford the median home in Marshall County
Median home value is $184,500. Estimated monthly cost: $1,473 vs. your max of $1,588.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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