Cost of Living in Newton County, Indiana

$927/mo
Median Monthly Rent
$159,300
Median Home Value
5% above state averageUnaffordable

At a Glance

Median Monthly Rent
$927/mo
5% above state average
Median Home Value
$159,300
43% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Newton County Compares

Median monthly rent comparison

Newton County$927/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$927/mo
Median Gross Rent
$159,300
Median Home Value
$969/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Newton County, Indiana

Newton County balances cost and income

Newton County renters spend 16.2% of income on housing, slightly above Indiana's state average but well within national affordability comfort zones. The median household income of $68,596 supports $927 monthly rent reasonably well.

Modestly above Indiana average

At 16.2%, Newton County's rent-to-income ratio exceeds Indiana's 15.6% state average by less than a percentage point. The $927 median rent runs $44 above the state average, placing Newton in the slightly-pricier-than-average tier.

Typical regional affordability

Newton County's $927 rent nearly matches Marshall County's $936 and Miami County's $794, clustering in the affordable-to-moderate range. The median home value of $159,300 aligns with Montgomery County ($166,300) rather than the higher-priced Marion or Monroe Counties.

Newton's balanced housing expenses

Renters earning Newton County's $68,596 median income pay $927 monthly, consuming 16.2% of gross earnings. Homeowners with a median home value of $159,300 face $969 in monthly costs, slightly higher than rents but still moderate in context of county income.

Solid choice for middle-income families

Newton County delivers moderate affordability and housing ratios suitable for families earning around Indiana's median income. It offers neither bargain prices nor premium premiums—a dependable, middle-ground option for practical-minded movers.

Affordability Calculator

See how your income compares to housing costs in Newton County

$

Rent Burden

16.2%

of gross income

Max Housing (28% Rule)

$1,601

per month

Owner Cost Burden

17.0%

of gross income

You can likely afford the median home in Newton County

Median home value is $159,300. Estimated monthly cost: $1,272 vs. your max of $1,601.

Rent Affordability Guide

Your rent-to-income ratio16.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Newton County, Indiana?
Newton County, Indiana has a median monthly rent of $927/mo and a median home value of $159,300. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Newton County?
The median gross rent in Newton County is $927/mo. This is 5% above state average for Indiana.
Is Newton County affordable?
Newton County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Newton County's rent compare to the state average?
Newton County's median rent of $927/mo is 5% above state average of $883/mo for Indiana.
What is the median home value in Newton County?
The median home value in Newton County, Indiana is $159,300. This is 43% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.