Cost of Living in Wabash County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Wabash County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wabash County ranks #496 of 3,144 counties for affordability (top 16%)
Data Story
About Cost of Living in Wabash County, Indiana
Wabash County delivers strong housing affordability
Renters spend just 13.2% of their income on housing, comfortably within the sustainable 12-15% range and well below Indiana's state average of 15.6%. With median rent at $752 and household income of $68,414, the county offers a solid value proposition for budget-conscious residents.
Well above average on affordability
Wabash County's 13.2% rent-to-income ratio ranks notably better than Indiana's 15.6% state average, placing it among the more affordable counties statewide. The combination of low rents and reasonable incomes creates genuine housing accessibility.
Competitive with top performers
Wabash County's $752 rent is the lowest in its peer group and $131 cheaper than Vanderburgh County, with a rent-to-income ratio of 13.2% that trails only Union County and Warren County. Homes median at $143,600, offering entry-level ownership opportunities.
Reasonable costs across the board
Median monthly rent is $752 while homeowner costs run $859 against median household income of $68,414. Just 13.2% of income goes to rent, leaving families with breathing room for other priorities.
Wabash County merits serious consideration
If you're relocating to Indiana, Wabash County offers some of the state's cheapest rents paired with reasonable local wages and low home values. It's an attractive option for renters and first-time homebuyers seeking genuine affordability.
Cost of Living Advisory: Wabash County
Affordability Verdict
Wabash County offers affordable rental housing at a median of $752/month — about 13.2% of the typical household income here.
Rent vs. Own
At $752/month rent versus $859/month in owner costs, renting is roughly $107/month cheaper — a 12% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,080/year. For owner costs at the 28% rule, the required income is roughly $36,814/year. With a median household income of $68,414, most households can comfortably afford rent here. Notably, 27.0% of renter households in Wabash County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Franklin County where rent averages $803/month, Wabash County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Wabash County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$1,596
per month
Owner Cost Burden
15.1%
of gross income
You can likely afford the median home in Wabash County
Median home value is $143,600. Estimated monthly cost: $1,146 vs. your max of $1,596.
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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