Cost of Living in Miami County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Miami County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Miami County ranks #379 of 3,144 counties for affordability (top 12%)
Data Story
About Cost of Living in Miami County, Indiana
Miami County hits Indiana's state average
Miami County renters pay exactly 15.6% of income toward housing—matching Indiana's state average perfectly and falling comfortably within national affordability norms. With a median household income of $61,130, the lowest among these eight counties, affordability is achieved through modest costs rather than high wages.
Right on Indiana's affordability line
At 15.6%, Miami County matches the state average rent-to-income ratio, neither above nor below the statewide norm. The $794 median rent sits $89 above the state average, compensated by lower incomes that create this balanced outcome.
Mid-range costs in a varied landscape
Miami County's $794 rent falls between Martin County's bargain $643 and Monroe County's premium $1,151, placing it firmly in the regional middle. The median home value of $118,000 is among the lowest in this comparison, reflecting the county's rural, affordable character.
Miami's modest housing balance
With the county's median income of $61,130, renters pay $794 monthly—consuming exactly 15.6% of gross earnings. Homeowners with a median home value of $118,000 face just $720 in monthly costs, one of the lowest ownership burdens in the group.
Affordable living for lower-income households
Miami County delivers affordable housing without requiring high wages; it's an option for families earning below Indiana median incomes who prioritize accessibility. The county's low home values and rents make it attractive for first-time buyers or renters seeking maximum housing-cost stability.
Cost of Living Advisory: Miami County
Affordability Verdict
Miami County offers affordable rental housing at a median of $794/month — about 15.6% of the typical household income here.
Rent vs. Own
Renters in Miami County pay $794/month on average, compared to $720/month for homeowners. This market favors buyers by about 9%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,760/year. For owner costs at the 28% rule, the required income is roughly $30,857/year. With a median household income of $61,130, most households can comfortably afford rent here. Notably, 25.0% of renter households in Miami County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Miami County is more affordable than Randolph County by roughly 7% ($794/mo vs $741/mo).
Affordability Calculator
See how your income compares to housing costs in Miami County
Rent Burden
15.6%
of gross income
Max Housing (28% Rule)
$1,426
per month
Owner Cost Burden
14.1%
of gross income
You can likely afford the median home in Miami County
Median home value is $118,000. Estimated monthly cost: $942 vs. your max of $1,426.
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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