Cost of Living in Switzerland County, Indiana

$720/mo
Median Monthly Rent
$183,200
Median Home Value

At a Glance

Median Monthly Rent
$720/mo
18% below state average
Median Home Value
$183,200
35% below national
Rent-to-Income Ratio
23.0%
% 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 Switzerland County Compares

Median monthly rent comparison

Switzerland County$720/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$720/mo
Median Gross Rent
$183,200
Median Home Value
$946/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Switzerland County ranks #140 of 3,144 counties for affordability (top 4%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Switzerland County, Indiana

Switzerland County: Solid Affordability

Switzerland County renters spend 13.3% of income on housing—below Indiana's 15.6% state average and well-positioned compared to national norms. With a median income of $65,148 and rent of $720, this rural county delivers genuine affordability.

Among Indiana's Better Markets

Switzerland County ranks in the upper tier of Indiana's most affordable counties for renters, with a 13.3% rent-to-income ratio outperforming roughly 70% of the state's counties. Its low rents place it competitively across all tenure types.

Switzerland Competes on Value

At $720 monthly rent, Switzerland County rivals Starke ($690) and Spencer ($697) as among the region's cheapest markets, while owner costs of $946 run higher than Spencer but lower than Steuben. The overall housing value package is strong for both renters and buyers.

Low Rents Support Balanced Budgets

Switzerland County households spend $720 on median rent and $946 on owner costs, totaling about 25.5% of income combined across tenure types. The 13.3% rent-to-income ratio ensures renters retain adequate disposable income despite modest earnings.

Switzerland: Rural Charm, Real Savings

If you're relocating to Switzerland County, expect competitive rents and reasonable home values in exchange for a quieter, more rural lifestyle. This county suits families seeking affordability without the trade-off of extreme budget constraints.

Cost of Living Advisory: Switzerland County

Affordability Verdict

Housing in Switzerland County is affordable. The median rent is $720/month against a median household income of $65,148, putting rent at 13.3% of income.

Rent vs. Own

Renters in Switzerland County pay $720/month on average, compared to $946/month for homeowners. This market favors renters by about 24%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,800/year. For owner costs at the 28% rule, the required income is roughly $40,543/year. With a median household income of $65,148, most households can comfortably afford rent here. Notably, 23.0% of renter households in Switzerland County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Indiana, Switzerland County is less affordable than Noble County by roughly 7% ($720/mo vs $776/mo).

Affordability Calculator

See how your income compares to housing costs in Switzerland County

$

Rent Burden

13.3%

of gross income

Max Housing (28% Rule)

$1,520

per month

Owner Cost Burden

17.4%

of gross income

You can likely afford the median home in Switzerland County

Median home value is $183,200. Estimated monthly cost: $1,463 vs. your max of $1,520.

Rent Affordability Guide

Your rent-to-income ratio13.3%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,148Needed: $28,800
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,148Needed: $40,543
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $65,148Needed: $42,636

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

What is the cost of living in Switzerland County, Indiana?
Switzerland County, Indiana has a median monthly rent of $720/mo and a median home value of $183,200. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Switzerland County?
The median gross rent in Switzerland County is $720/mo. This is 18% below state average for Indiana.
Is Switzerland County affordable?
Switzerland County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Switzerland County's rent compare to the state average?
Switzerland County's median rent of $720/mo is 18% below state average of $883/mo for Indiana.
What is the median home value in Switzerland County?
The median home value in Switzerland County, Indiana is $183,200. This is 35% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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