Cost of Living in Vermillion County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Vermillion County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Vermillion County ranks #551 of 3,144 counties for affordability (top 18%)
Data Story
About Cost of Living in Vermillion County, Indiana
Vermillion County offers solid middle ground
Renters spend 15.9% of their income on housing, just slightly above the sustainable 12-15% benchmark and nearly in line with Indiana's state average of 15.6%. At $785 monthly rent and $59,363 median income, the county offers reasonable affordability for working families.
Close to the state average on housing burden
Vermillion County's 15.9% rent-to-income ratio sits just 0.3 points above Indiana's state average of 15.6%, placing it squarely in the middle of the pack statewide. This middling position reflects typical housing market conditions across rural and small-town Indiana.
A cheaper alternative to neighbors
Vermillion County's $785 rent is among the lowest in the peer group—$7 less than Wabash County and $194 less than Vanderburgh County. The county's lower home values ($109,500) also undercut most neighbors, making it a budget-conscious choice.
Modest costs, modest incomes
Monthly rent averages $785 while homeowner costs run $770, both lean compared to higher-income counties in the region. Though median household income of $59,363 trails state and national figures, housing costs remain proportionate to local earnings.
Vermillion is worth exploring
Relocating to Vermillion County means accepting somewhat lower incomes but gaining access to some of Indiana's cheapest rents and home values. For renters and buyers on tight budgets, this county delivers reasonable affordability without severe sacrifice.
Cost of Living Advisory: Vermillion County
Affordability Verdict
Housing in Vermillion County is affordable. The median rent is $785/month against a median household income of $59,363, putting rent at 15.9% of income.
Rent vs. Own
The median rent in Vermillion County is $785/month, while owner costs run $770/month. Owning saves approximately $15/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,400/year. For owner costs at the 28% rule, the required income is roughly $33,000/year. With a median household income of $59,363, most households can comfortably afford rent here. Notably, 28.0% of renter households in Vermillion County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Vermillion County sits 6% less expensive than Clay County ($837/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Vermillion County
Rent Burden
15.9%
of gross income
Max Housing (28% Rule)
$1,385
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Vermillion County
Median home value is $109,500. Estimated monthly cost: $874 vs. your max of $1,385.
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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