Cost of Living in Posey County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Posey County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Posey County ranks #542 of 3,144 counties for affordability (top 17%)
Data Story
About Cost of Living in Posey County, Indiana
Posey Beats National Housing Affordability
Posey County renters spend just 11.3% of income on rent, well below the national standard of 30% and significantly better than Indiana's 15.6% state average. With a median household income of $79,124—above the national median of $74,755—Posey residents have more breathing room in their housing budgets than most Americans.
Indiana's Most Affordable County
Posey County ranks among Indiana's most affordable places to live, with the lowest rent-to-income ratio in this analysis. At 11.3%, it's a full 4.3 percentage points better than the state average, making it a standout for renters and homeowners alike.
Southwest Indiana's Housing Bargain
Posey's median rent of $744 is $139 cheaper than Putnam County and $212 below Shelby County, while its median home value of $218,000 stays competitive with regional neighbors. Ripley County offers similar affordability with a 13.5% rent-to-income ratio, but Posey's higher incomes give residents more purchasing power.
Where Your Income Goes
Posey renters dedicate $744 monthly to housing while earning a median $6,594 per month, leaving substantial income for other expenses. Homeowners pay $1,051 monthly, but with a median home value of $218,000, this represents solid equity-building for the region.
Consider Posey for Affordable Living
If housing affordability matters to your relocation decision, Posey County deserves serious consideration—it combines above-average incomes with below-average costs. Compare it against Ripley and Putnam counties to find your ideal fit in southwest Indiana's competitive market.
Cost of Living Advisory: Posey County
Affordability Verdict
Housing in Posey County is affordable. The median rent is $744/month against a median household income of $79,124, putting rent at 11.3% of income.
Rent vs. Own
Renters in Posey County pay $744/month on average, compared to $1,051/month for homeowners. This market favors renters by about 29%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,760/year. For owner costs at the 28% rule, the required income is roughly $45,043/year. With a median household income of $79,124, most households can comfortably afford rent here. Notably, 23.0% of renter households in Posey County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Posey County is more affordable than Starke County by roughly 8% ($744/mo vs $690/mo).
Affordability Calculator
See how your income compares to housing costs in Posey County
Rent Burden
11.3%
of gross income
Max Housing (28% Rule)
$1,846
per month
Owner Cost Burden
15.9%
of gross income
You can likely afford the median home in Posey County
Median home value is $218,000. Estimated monthly cost: $1,740 vs. your max of $1,846.
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
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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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