Cost of Living in Steuben County, Indiana

$921/mo

Median Monthly Rent

$204,300

Median Home Value

4% above state averageUnaffordable

At a Glance

Median Monthly Rent

$921/mo

4% above state average

Median Home Value

$204,300

28% below national

Rent-to-Income Ratio

24.0%

% 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 Steuben County Compares

Median monthly rent comparison

Steuben County$921/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$921/mo

Median Gross Rent

$204,300

Median Home Value

$932/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Steuben County

Your Annual Household Income

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

Your rent-to-income ratio15.5%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Steuben County, Indiana?

Steuben County, Indiana has a median monthly rent of $921/mo and a median home value of $204,300. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Steuben County?

The median gross rent in Steuben County is $921/mo. This is 4% above state average for Indiana.

Is Steuben County affordable?

Steuben County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Steuben County's rent compare to the state average?

Steuben County's median rent of $921/mo is 4% above state average of $883/mo for Indiana.

What is the median home value in Steuben County?

The median home value in Steuben County, Indiana is $204,300. This is 28% below the national median home value of $281,900.