Cost of Living in Perry County, Indiana

$676/mo
Median Monthly Rent
$146,000
Median Home Value
23% below state averageUnaffordable

At a Glance

Median Monthly Rent
$676/mo
23% below state average
Median Home Value
$146,000
48% 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 Perry County Compares

Median monthly rent comparison

Perry County$676/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$676/mo
Median Gross Rent
$146,000
Median Home Value
$795/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Perry County, Indiana?
Perry County, Indiana has a median monthly rent of $676/mo and a median home value of $146,000. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Perry County?
The median gross rent in Perry County is $676/mo. This is 23% below state average for Indiana.
Is Perry County affordable?
Perry 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 Perry County's rent compare to the state average?
Perry County's median rent of $676/mo is 23% below state average of $883/mo for Indiana.
What is the median home value in Perry County?
The median home value in Perry County, Indiana is $146,000. This is 48% 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.