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Cost of Living in Jeffersonville, IN

Population 51,043 · Census ACS 2020–2024 5-year estimates

Median rent$1,148
Median home value$216,800
Median household income$70,930

The median rent in Jeffersonville, IN is $1,148/month, 8% higher than the Indiana median and 19% lower than the U.S. median. The median home value is $216,800, 35% lower than the national median. Households earn a median of $70,930 a year, about the same as the state median.

Affordability

Rent as a share of median income: 19.4%
Income needed for median rent (30% rule): $45,920/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,096/mo

Run your own numbers: mortgage calculator · hourly to salary

Jeffersonville vs. Indiana vs. U.S.

JeffersonvilleIndianaU.S.
Median rent$1,148$1,062$1,413
Median home value$216,800$218,200$332,700
Median household income$70,930$71,957$80,734
Homeownership rate72.0%70.6%65.2%
Bachelor's degree or higher28.2%29.5%35.7%
Poverty rate11.2%12.3%12.5%
Unemployment rate4.0%4.3%5.2%
Work from home13.5%10.7%15.1%
Median age39.538.138.9

FAQ

What is the average rent in Jeffersonville, IN?

The median gross rent in Jeffersonville, IN is $1,148 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Jeffersonville, IN?

Using the common 30% rule, renting a median-priced home takes about $45,920 a year in gross income.

Is Jeffersonville, IN expensive to live in?

Rent there is 19% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other cities in Indiana

Indianapolis city, INRent $1,156 · Income $66,219Fort Wayne, INRent $999 · Income $61,422Evansville, INRent $975 · Income $53,387South Bend, INRent $1,033 · Income $55,786Fishers, INRent $1,611 · Income $130,203Carmel, INRent $1,712 · Income $141,505

Cities with a similar cost of living

Cicero, ILRent $1,154 · Income $70,842Sierra Vista, AZRent $1,150 · Income $70,291Pittsfield, MARent $1,134 · Income $70,582Grand Junction, CORent $1,142 · Income $70,080Torrington, CTRent $1,169 · Income $70,856Willoughby, OHRent $1,171 · Income $71,309

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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