Cost of Living in Vermillion County, Indiana

$785/mo

Median Monthly Rent

$109,500

Median Home Value

11% below state averageUnaffordable

At a Glance

Median Monthly Rent

$785/mo

11% below state average

Median Home Value

$109,500

61% 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 Vermillion County Compares

Median monthly rent comparison

Vermillion County$785/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$785/mo

Median Gross Rent

$109,500

Median Home Value

$770/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Vermillion County

Your Annual Household Income

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

Your rent-to-income ratio15.9%

Recommended max30.0%

Frequently Asked Questions

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

Vermillion County, Indiana has a median monthly rent of $785/mo and a median home value of $109,500. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Vermillion County?

The median gross rent in Vermillion County is $785/mo. This is 11% below state average for Indiana.

Is Vermillion County affordable?

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

Vermillion County's median rent of $785/mo is 11% below state average of $883/mo for Indiana.

What is the median home value in Vermillion County?

The median home value in Vermillion County, Indiana is $109,500. This is 61% below the national median home value of $281,900.