Cost of Living in Putnam County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Putnam County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Putnam County, Indiana
Putnam Rents Match State Average
Putnam County's median rent of $883 exactly matches Indiana's state average, while its 13.9% rent-to-income ratio beats the state average of 15.6%. With a median household income of $76,182, Putnam residents spend less of their earnings on rent than typical Hoosiers.
Solid Middle-Ground Affordability
Putnam County ranks in Indiana's upper-middle tier for housing affordability, with a 13.9% rent-to-income ratio that's better than average. This combination of state-median rents and above-average incomes creates favorable conditions for both renters and buyers.
Higher Rents, Higher Incomes
Putnam's $883 rent is $139 more than Posey County but its median income of $76,182 is only slightly lower, allowing residents to manage the higher costs. Compared to Ripley County's $799 rent, Putnam residents pay more but also earn more, offsetting the difference in percentage terms.
Income Allocation in Putnam
Putnam renters spend $883 monthly from a median income of $6,349 per month, dedicating 13.9% to housing and keeping 86% for other needs. Homeowners pay $1,074 monthly to build equity in properties valued around $205,800, a middle-range investment for the region.
Putnam Works for Growing Families
If you're seeking a county with solid income potential and moderate housing costs, Putnam offers a balanced equation. Compare it with Posey and Ripley counties to find the best combination of wages and affordability for your relocation goals.
Affordability Calculator
See how your income compares to housing costs in Putnam County
Rent Burden
13.9%
of gross income
Max Housing (28% Rule)
$1,778
per month
Owner Cost Burden
16.9%
of gross income
You can likely afford the median home in Putnam County
Median home value is $205,800. Estimated monthly cost: $1,643 vs. your max of $1,778.
Rent Affordability Guide
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.