Cost of Living in Pike County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Pike County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Pike County, Indiana
Pike County delivers real value.
At 12.2%, Pike County's rent-to-income ratio stands notably below the national average, signaling genuine housing affordability for renters. The $676 monthly rent pairs with a $66,250 median income to create one of the best affordability profiles in this entire county comparison.
Best value in Indiana.
Pike County's 12.2% rent-to-income ratio ranks as the lowest among all Indiana counties in this comparison, beating the state average of 15.6% by substantial margin. This leadership position makes Pike County Indiana's affordability champion for renters.
Unbeaten rental bargains.
Pike County ties Perry County at $676 rent but edges ahead on income ratio (12.2% vs. 13.3%), making it the region's smartest rental deal. Its ultra-low $128,400 median home value ranks as the absolute cheapest in the entire comparison group.
Maximum income left over.
The median Pike County household earning $66,250 spends just 12.2% on rent ($676/month) or 14.1% on mortgage costs ($779/month). This efficiency is unmatched in the comparison group, leaving households $700+ monthly—$8,400+ yearly—compared to national averages for other life priorities.
Unbeatable bang for your buck.
Pike County offers the lowest rent-to-income ratio and cheapest homes in this entire analysis, making it unbeaten for affordability-focused relocations. If maximizing financial breathing room matters most, Pike County's numbers show you'd save more here than anywhere else.
Affordability Calculator
See how your income compares to housing costs in Pike County
Rent Burden
12.2%
of gross income
Max Housing (28% Rule)
$1,546
per month
Owner Cost Burden
14.1%
of gross income
You can likely afford the median home in Pike County
Median home value is $128,400. Estimated monthly cost: $1,025 vs. your max of $1,546.
Rent Affordability Guide
Frequently Asked Questions
What is the cost of living in Pike 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.