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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Miami County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Miami County ranks #1,144 of 3,142 counties for affordability (top 36%)
Sourced county brief
Miami County Median Home Value Below State Unweighted County Mean
The median home value in Miami County was estimated at $126,200, according to the ACS 2020-2024 5-Year Estimates. This figure is lower than the Indiana unweighted county mean home value of $191,899. The official gross rent as a percentage of household income (GRAPI), which is the canonical rentToIncomePct from ACS table B25071, was 23.9 percent. This is 3.0 percentage points lower than the state unweighted county mean of 26.9 percent. The median gross rent was $838 per month, which was below the Indiana unweighted county mean of $911. Median selected monthly owner costs were $728, while the state unweighted county mean was $951. The median renter-household income was recorded at $40,691. These statistics represent a fixed snapshot of county-level housing data and income statistics without implying future movement. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Miami County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.9% of renter household income in Miami County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $838 per month; median selected monthly owner costs are $728. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Miami County's $838 median is 8.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Miami County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$1,427
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Miami County
Median home value is $126,200. Estimated monthly cost: $1,007 vs. your max of $1,427.
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
What is the cost of living in Miami County, Indiana?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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