Cost of Living in Steuben County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Steuben County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Steuben County ranks #1,504 of 3,144 counties for affordability (top 48%)
Data Story
About Cost of Living in Steuben County, Indiana
Steuben County: Right at State Average
Steuben County renters spend 15.5% of their income on housing—virtually identical to Indiana's 15.6% state average and slightly above the national norm. With a median household income of $71,483 and median rent of $921, this county offers typical Indiana affordability.
Steuben: Indiana's Middle Ground
Steuben County ranks near the state median for housing affordability, offering neither exceptional deals nor significant pressures for renters. Its 15.5% rent-to-income ratio places it squarely in Indiana's comfort zone, making it representative of state-wide affordability trends.
Steuben Bridges the Regional Gap
Steuben's $921 rent sits between Spencer's bargain rents ($697) and St. Joseph's premium market ($1,030), positioning it as a moderate option regionally. Owner costs of $932 are comparable to Spencer, offering straightforward choice between tenure types.
Housing Costs Share a Balanced Load
Steuben County households dedicate $921 to median rent and $932 to owner costs, combining for about 26.1% of median income. The balanced rent-to-income ratio of 15.5% reflects a stable housing market where neither renters nor buyers face acute affordability stress.
Steuben: Standard Indiana Living
If you're relocating and want a representative Indiana experience, Steuben County delivers moderate rents and reasonable income levels without surprising affordability gaps. This county works well for those seeking stable, predictable housing costs near state-wide averages.
Cost of Living Advisory: Steuben County
Affordability Verdict
Steuben County is affordable for renters, with a median gross rent of $921/month representing approximately 15.5% of median household income. The rent burden (GRAPI) stands at 24.0%.
Rent vs. Own
The median rent in Steuben County is $921/month, while owner costs run $932/month. Renting saves approximately $11/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,840/year. For owner costs at the 28% rule, the required income is roughly $39,943/year. With a median household income of $71,483, most households can comfortably afford rent here. Notably, 24.0% of renter households in Steuben County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Steuben County sits 6% more expensive than Whitley County ($867/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Steuben County
Rent Burden
15.5%
of gross income
Max Housing (28% Rule)
$1,668
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Steuben County
Median home value is $204,300. Estimated monthly cost: $1,631 vs. your max of $1,668.
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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