Cost of Living in Owen 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 Owen County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Owen County ranks #1,728 of 3,142 counties for affordability (bottom 45%)
Sourced county brief
Owen County Rent Burden Below Indiana Unweighted Mean
The official rentBurdenGrapiPct in Owen County was 24.2% during the 2020-2024 period. This canonical rentToIncomePct is the official ACS B25071 GRAPI estimate and sits 2.7 percentage points below the Indiana unweighted county mean of 26.9%. The median gross rent was $911 per month, which matches the state unweighted county mean exactly. For owner-occupied housing units, the median home value was $172,400, and the median monthly owner cost was $853. These values are both below their respective state unweighted county means of $191,899 and $951. Median renter-household income was recorded at $38,798. These figures are strictly snapshots from the American Community Survey 5-Year Estimates and are not financial advice. 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: Owen County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.2% of renter household income in Owen 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 $911 per month; median selected monthly owner costs are $853. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,440 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. Owen County's $911 median is 0.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Owen County
Rent Burden
17.5%
of gross income
Max Housing (28% Rule)
$1,457
per month
Owner Cost Burden
16.4%
of gross income
You can likely afford the median home in Owen County
Median home value is $172,400. Estimated monthly cost: $1,376 vs. your max of $1,457.
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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