Cost of Living in Vanderburgh County, Indiana

$964/mo

Median Monthly Rent

$172,300

Median Home Value

9% above state averageUnaffordable

At a Glance

Median Monthly Rent

$964/mo

9% above state average

Median Home Value

$172,300

39% 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 Vanderburgh County Compares

Median monthly rent comparison

Vanderburgh County$964/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$964/mo

Median Gross Rent

$172,300

Median Home Value

$963/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Vanderburgh County, Indiana

Vanderburgh County faces housing affordability strain

Renters here spend 19.0% of their income on housing—significantly above the sustainable 12-15% range and well above the national average. With a median household income of just $60,938 (18% below the national median), rising rents of $964 per month create real pressure on household budgets.

Among Indiana's least affordable counties

Vanderburgh County's rent-to-income ratio of 19.0% ranks far worse than Indiana's state average of 15.6%, placing it among the state's most burdened communities. The county's combination of lower wages and higher rents creates a double squeeze on renters.

Pricier than surrounding areas

Vanderburgh County's rent of $964 is the highest among its peer group—$172 more than Union County and $185 more than Vermillion County to the north. Despite higher housing costs, incomes are among the lowest, making the affordability gap especially acute.

Housing eats a bigger slice

With median rent at $964 and homeowner costs at $963, renters and owners pay nearly identical amounts on housing that consumes nearly a fifth of median household income. At $60,938 in median income, families have less flexibility to absorb housing cost increases.

Weigh Vanderburgh carefully in a move decision

If you're considering relocating to Vanderburgh County, compare its 19% rent-to-income ratio against neighboring options like Union County (11.9%) or Vermillion County (15.9%). The cost of living trade-offs here are steeper than across much of Indiana.

Affordability Calculator

See how your income compares to housing costs in Vanderburgh County

Your Annual Household Income

Rent Burden

19.0%

of gross income

Max Housing (28% Rule)

$1,422

per month

Owner Cost Burden

19.0%

of gross income

You can likely afford the median home in Vanderburgh County

Median home value is $172,300. Estimated monthly cost: $1,376 vs. your max of $1,422.

Rent Affordability Guide

Your rent-to-income ratio19.0%

Recommended max30.0%

Frequently Asked Questions

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

Vanderburgh County, Indiana has a median monthly rent of $964/mo and a median home value of $172,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Vanderburgh County?

The median gross rent in Vanderburgh County is $964/mo. This is 9% above state average for Indiana.

Is Vanderburgh County affordable?

Vanderburgh 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 Vanderburgh County's rent compare to the state average?

Vanderburgh County's median rent of $964/mo is 9% above state average of $883/mo for Indiana.

What is the median home value in Vanderburgh County?

The median home value in Vanderburgh County, Indiana is $172,300. This is 39% below the national median home value of $281,900.