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
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.
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
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.