Cost of Living in Kokomo, IN
Population 59,122 · Census ACS 2020–2024 5-year estimates
The median rent in Kokomo, IN is $939/month, 12% lower than the Indiana median and 34% lower than the U.S. median. The median home value is $137,400, 59% lower than the national median. Households earn a median of $55,360 a year, 23% lower than the state median.
Affordability
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Kokomo vs. Indiana vs. U.S.
| Kokomo | Indiana | U.S. | |
|---|---|---|---|
| Median rent | $939 | $1,062 | $1,413 |
| Median home value | $137,400 | $218,200 | $332,700 |
| Median household income | $55,360 | $71,957 | $80,734 |
| Homeownership rate | 63.0% | 70.6% | 65.2% |
| Bachelor's degree or higher | 18.1% | 29.5% | 35.7% |
| Poverty rate | 17.1% | 12.3% | 12.5% |
| Unemployment rate | 6.2% | 4.3% | 5.2% |
| Work from home | 5.5% | 10.7% | 15.1% |
| Median age | 39.4 | 38.1 | 38.9 |
FAQ
What is the average rent in Kokomo, IN?
The median gross rent in Kokomo, IN is $939 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Kokomo, IN?
Using the common 30% rule, renting a median-priced home takes about $37,560 a year in gross income.
Is Kokomo, IN expensive to live in?
Rent there is 34% lower than the U.S. median, and the median home costs about 2.5 times the median household income.
Other cities in Indiana
Cities with a similar cost of living
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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