Cost of Living in Morgan 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 Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Morgan County ranks #2,364 of 3,142 counties for affordability (bottom 25%)
Sourced county brief
Morgan County Median Gross Rent Estimated at $1,042 Per Month
Median gross rent in Morgan County was $1,042 per month, according to the ACS 2020-2024 5-Year Estimates. This value is higher than the Indiana unweighted county mean of $911 per month. The official gross rent as a percentage of household income (GRAPI) was estimated at 29.2 percent, which is the canonical rentToIncomePct from ACS table B25071. This is 2.3 percentage points higher than the Indiana unweighted county mean of 26.9 percent. The median home value was $237,600, compared to the state unweighted county mean of $191,899. Median selected monthly owner costs were $1,108, which is above the state unweighted county mean of $951. Median renter-household income was recorded at $42,086. These figures provide a static representation of housing costs and income levels for the reported period. 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: Morgan County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.2% of renter household income in Morgan 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 $1,042 per month; median selected monthly owner costs are $1,108. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $41,680 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. Morgan County's $1,042 median is 14.4% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
15.7%
of gross income
Max Housing (28% Rule)
$1,853
per month
Owner Cost Burden
16.7%
of gross income
The median home in Morgan County may be a stretch
Median home value is $237,600. Estimated monthly cost: $1,897 vs. your max of $1,853.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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