Cost of Living in Noble County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Noble County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Noble County ranks #1,044 of 3,144 counties for affordability (top 33%)
Data Story
About Cost of Living in Noble County, Indiana
Noble County rents are affordable.
At 13.1%, Noble County's rent-to-income ratio sits well below the national average, meaning renters here spend less of their paycheck on housing than typical Americans. The median rent of $776 per month is significantly lower than what you'd find in many parts of the country, making Noble County an attractive option for cost-conscious households.
Best affordability in Indiana.
Noble County ties for the lowest rent-to-income ratio in Indiana at 13.1%, beating the state average of 15.6% by a notable margin. This places Noble County among the most affordable counties in the state for renters, offering substantial relief compared to neighbors struggling with higher housing cost burdens.
Cheaper than nearby counties.
Noble County's $776 median rent undercuts Ohio County's $852 and Orange County's $838, making it the rental bargain of the region. With a median home value of $183,400, Noble County also offers reasonable entry prices for buyers compared to the regional competition.
Housing takes modest share here.
On a $70,908 median household income, the typical Noble County household dedicates 13.1% of earnings to rent ($776/month) or 16.1% to mortgage costs ($952/month). This leaves substantial room in family budgets for other necessities and savings, a luxury not available in higher-cost regions.
Ready to stretch your paycheck?
If housing affordability is your priority, Noble County delivers value without sacrificing quality of life. Compare these numbers to your current housing costs—you might find that moving here frees up hundreds of dollars monthly for your family's other goals.
Cost of Living Advisory: Noble County
Affordability Verdict
For renters in Noble County, the market is affordable. Expect to pay around $776/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Noble County pay $776/month on average, compared to $952/month for homeowners. This market favors renters by about 18%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,040/year. For owner costs at the 28% rule, the required income is roughly $40,800/year. With a median household income of $70,908, most households can comfortably afford rent here. Notably, 26.0% of renter households in Noble County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Noble County is less affordable than Montgomery County by roughly 6% ($776/mo vs $827/mo).
Affordability Calculator
See how your income compares to housing costs in Noble County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,655
per month
Owner Cost Burden
16.1%
of gross income
You can likely afford the median home in Noble County
Median home value is $183,400. Estimated monthly cost: $1,464 vs. your max of $1,655.
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 Noble County, Indiana?
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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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