Cost of Living in Perry County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Perry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Perry County ranks #636 of 3,144 counties for affordability (top 20%)
Data Story
About Cost of Living in Perry County, Indiana
Perry County rents remain accessible.
At 13.3%, Perry County's rent-to-income ratio sits below the national average, offering renters meaningful relief on housing costs. The $676 monthly rent ranks among the absolute lowest in this county group, making Perry County a genuine bargain for budget-conscious households.
Among Indiana's most affordable.
Perry County's 13.3% rent-to-income ratio beats Indiana's 15.6% state average by 2.3 percentage points, placing it in the state's affordability elite. Renters here enjoy some of the lowest housing-cost burdens in Indiana.
Lowest rents in the region.
Perry County's $676 monthly rent is the absolute cheapest in this six-county comparison, beating Pike County ($676 tie) and significantly undercutting all others. Its modest $146,000 median home value also makes Perry County highly competitive for first-time homebuyers.
Minimal housing burden overall.
The typical Perry County household earning $61,099 dedicates just 13.3% to rent ($676/month) or 15.7% to mortgage costs ($795/month). This leaves substantial monthly income—often $500+ per household—available for other critical expenses compared to higher-cost counties.
Stretch your savings here.
Perry County's combination of low rent and reasonable home values makes it exceptional for savers and first-time buyers alike. Run your current housing costs against these numbers—the monthly savings could add up to thousands of dollars yearly.
Cost of Living Advisory: Perry County
Affordability Verdict
Perry County is affordable for renters, with a median gross rent of $676/month representing approximately 13.3% of median household income. The rent burden (GRAPI) stands at 24.0%.
Rent vs. Own
Renters in Perry County pay $676/month on average, compared to $795/month for homeowners. This market favors renters by about 15%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,040/year. For owner costs at the 28% rule, the required income is roughly $34,071/year. With a median household income of $61,099, most households can comfortably afford rent here. Notably, 24.0% of renter households in Perry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Perry County sits 8% less expensive than Parke County ($731/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Perry County
Rent Burden
13.3%
of gross income
Max Housing (28% Rule)
$1,426
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Perry County
Median home value is $146,000. Estimated monthly cost: $1,166 vs. your max of $1,426.
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 Perry 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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