Cost of Living in Scott County, Indiana

$790/mo
Median Monthly Rent
$145,400
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$790/mo
11% below state average
Median Home Value
$145,400
48% below national
Rent-to-Income Ratio
28.0%
% 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 Scott County Compares

Median monthly rent comparison

Scott County$790/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$790/mo
Median Gross Rent
$145,400
Median Home Value
$762/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Scott County, Indiana

Scott Faces Housing Affordability Strain

Scott County renters spend 17.4% of income on housing—above Indiana's 15.6% state average and notably above the national affordability comfort zone. With the region's lowest median household income at $54,583, Scott residents face the greatest housing cost pressure in this analysis.

Indiana's Most Strained Housing Market

Scott County ranks as one of Indiana's least affordable counties for renters, with a 17.4% rent-to-income ratio that exceeds the state average by 1.8 percentage points. This is driven by both lower incomes and moderate rent levels, creating a challenging affordability picture.

Lowest Incomes, Moderate Rents

Scott's $790 rent is reasonable compared to peers, but its $54,583 median income is substantially lower than any county in this analysis, creating the worst affordability ratio. Compared to Pulaski County's similar rent on 10% higher income, Scott residents face genuine financial strain.

Housing Dominates the Budget

Scott renters spend $790 monthly from a median income of just $4,549 per month, leaving only 82.6% of earnings for all other expenses after housing. Homeowners pay $762 monthly on properties worth $145,400, but lower incomes make ownership harder to achieve and maintain.

Scott Requires Careful Financial Planning

Scott County's affordability challenges mean relocating here works only if you bring above-county-median income or have substantial savings. Consider Pulaski, Randolph, or Ripley counties if housing affordability is essential to your relocation decision.

Affordability Calculator

See how your income compares to housing costs in Scott County

$

Rent Burden

17.4%

of gross income

Max Housing (28% Rule)

$1,274

per month

Owner Cost Burden

16.8%

of gross income

You can likely afford the median home in Scott County

Median home value is $145,400. Estimated monthly cost: $1,161 vs. your max of $1,274.

Rent Affordability Guide

Your rent-to-income ratio17.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Scott County, Indiana?
Scott County, Indiana has a median monthly rent of $790/mo and a median home value of $145,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Scott County?
The median gross rent in Scott County is $790/mo. This is 11% below state average for Indiana.
Is Scott County affordable?
Scott County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Scott County's rent compare to the state average?
Scott County's median rent of $790/mo is 11% below state average of $883/mo for Indiana.
What is the median home value in Scott County?
The median home value in Scott County, Indiana is $145,400. 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.