Cost of Living in Wabash County, Indiana

$752/mo
Median Monthly Rent
$143,600
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$752/mo
15% below state average
Median Home Value
$143,600
49% below national
Rent-to-Income Ratio
27.0%
% 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 Wabash County Compares

Median monthly rent comparison

Wabash County$752/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$752/mo
Median Gross Rent
$143,600
Median Home Value
$859/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wabash County, Indiana?
Wabash County, Indiana has a median monthly rent of $752/mo and a median home value of $143,600. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Wabash County?
The median gross rent in Wabash County is $752/mo. This is 15% below state average for Indiana.
Is Wabash County affordable?
Wabash County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wabash County's rent compare to the state average?
Wabash County's median rent of $752/mo is 15% below state average of $883/mo for Indiana.
What is the median home value in Wabash County?
The median home value in Wabash County, Indiana is $143,600. This is 49% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.