Cost of Living in Randolph County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Randolph County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Randolph County ranks #951 of 3,144 counties for affordability (top 30%)
Data Story
About Cost of Living in Randolph County, Indiana
Randolph: Affordable for Budget Buyers
Randolph County renters spend 14.6% of income on housing, just below Indiana's 15.6% state average and comfortably below the 30% affordability threshold. Its median home value of $106,000 is the lowest in the region, making homeownership accessible for first-time buyers.
Indiana's Budget Homeownership Leader
Randolph County ranks among Indiana's most affordable counties for buying, with a $106,000 median home value that leads this analysis by far. This combination of low home prices and reasonable incomes creates exceptional entry-point opportunities for homebuyers.
Lowest Prices in the Region
Randolph's $741 median rent is competitive across the region, while its $106,000 median home value is $28,600 cheaper than Pulaski County's next-lowest option. For buyers prioritizing affordability above all, Randolph stands alone among its peers.
Maximum Value for Your Dollar
Randolph renters dedicate $741 monthly from a $61,121 annual income ($5,093 monthly), leaving 85% of earnings available for other expenses. Homeowners pay just $748 monthly—competitive with renters—on properties worth $106,000, offering tremendous wealth-building potential.
Randolph for First-Time Homebuyers
If affordable homeownership is your priority, Randolph County's $106,000 median home value and $748 monthly payment are hard to beat in Indiana. Compare it with neighboring Pulaski County if you want additional renting options before committing to a purchase.
Cost of Living Advisory: Randolph County
Affordability Verdict
Randolph County offers affordable rental housing at a median of $741/month — about 14.5% of the typical household income here.
Rent vs. Own
At $741/month rent versus $748/month in owner costs, renting is roughly $7/month cheaper — a 1% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,640/year. For owner costs at the 28% rule, the required income is roughly $32,057/year. With a median household income of $61,121, most households can comfortably afford rent here. Notably, 29.0% of renter households in Randolph County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Indiana, Randolph County is more affordable than Starke County by roughly 7% ($741/mo vs $690/mo).
Affordability Calculator
See how your income compares to housing costs in Randolph County
Rent Burden
14.5%
of gross income
Max Housing (28% Rule)
$1,426
per month
Owner Cost Burden
14.7%
of gross income
You can likely afford the median home in Randolph County
Median home value is $106,000. Estimated monthly cost: $846 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
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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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