Cost of Living in Warren County, Indiana

$815/mo
Median Monthly Rent
$160,000
Median Home Value

At a Glance

Median Monthly Rent
$815/mo
8% below state average
Median Home Value
$160,000
43% 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 Warren County Compares

Median monthly rent comparison

Warren County$815/mo
Indiana Average$883/mo
National Median$1,163/mo

Detailed Housing Stats

$815/mo
Median Gross Rent
$160,000
Median Home Value
$864/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Warren County ranks #52 of 3,144 counties for affordability (top 2%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Warren County, Indiana

Warren County offers excellent housing value

Renters spend just 13.1% of their income on housing, within the sustainable range and well below Indiana's state average of 15.6%. Median household income of $74,635 nearly matches the national median, while rent at $815 remains modest and accessible.

A top affordability choice in Indiana

Warren County's 13.1% rent-to-income ratio ranks among Indiana's best, just 0.1 points below Wabash County's 13.2%. Strong local incomes paired with reasonable housing costs make this county stand out statewide.

Strong performance among peers

Warren County's $815 rent and 13.1% rent-to-income ratio compare favorably to most neighbors, trailing only Union County (11.9%) and Wabash County (13.2%). The county offers a sweet spot between affordability and income stability.

Balanced housing economy

Median monthly rent is $815 while homeowner costs stand at $864 against a median household income of $74,635. Just 13.1% of income goes to rent, reflecting a healthy housing market.

Warren County is a strong relocation option

Considering a move to Indiana? Warren County combines near-median national incomes with housing costs well below state averages and a 13.1% rent-to-income ratio that protects your household budget. It's among the state's most balanced communities for relocating families.

Cost of Living Advisory: Warren County

Affordability Verdict

Housing in Warren County is affordable. The median rent is $815/month against a median household income of $74,635, putting rent at 13.1% of income.

Rent vs. Own

The median rent in Warren County is $815/month, while owner costs run $864/month. Renting saves approximately $49/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,600/year. For owner costs at the 28% rule, the required income is roughly $37,029/year. With a median household income of $74,635, most households can comfortably afford rent here. Notably, 28.0% of renter households in Warren County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Huntington County where rent averages $866/month, Warren County is approximately 6% less expensive.

Affordability Calculator

See how your income compares to housing costs in Warren County

$

Rent Burden

13.1%

of gross income

Max Housing (28% Rule)

$1,741

per month

Owner Cost Burden

13.9%

of gross income

You can likely afford the median home in Warren County

Median home value is $160,000. Estimated monthly cost: $1,277 vs. your max of $1,741.

Rent Affordability Guide

Your rent-to-income ratio13.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $74,635Needed: $32,600
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $74,635Needed: $37,029
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $74,635Needed: $37,236

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

What is the cost of living in Warren County, Indiana?
Warren County, Indiana has a median monthly rent of $815/mo and a median home value of $160,000. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Warren County?
The median gross rent in Warren County is $815/mo. This is 8% below state average for Indiana.
Is Warren County affordable?
Warren 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 Warren County's rent compare to the state average?
Warren County's median rent of $815/mo is 8% below state average of $883/mo for Indiana.
What is the median home value in Warren County?
The median home value in Warren County, Indiana is $160,000. This is 43% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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