Counties › Indiana

Cost of Living in Hamilton County, IN

Population 365,056 · Census ACS 2020–2024 5-year estimates

Median rent$1,574
Median home value$405,500
Median household income$121,530

The median rent in Hamilton County, IN is $1,574/month, 48% higher than the Indiana median and 11% higher than the U.S. median. The median home value is $405,500, 22% higher than the national median. Households earn a median of $121,530 a year, 69% higher than the state median.

Affordability

Rent as a share of median income: 15.5%
Income needed for median rent (30% rule): $62,960/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,050/mo

Run your own numbers: mortgage calculator · hourly to salary

Hamilton County vs. Indiana vs. U.S.

Hamilton CountyIndianaU.S.
Median rent$1,574$1,062$1,413
Median home value$405,500$218,200$332,700
Median household income$121,530$71,957$80,734
Homeownership rate76.1%70.6%65.2%
Bachelor's degree or higher61.9%29.5%35.7%
Poverty rate4.4%12.3%12.5%
Unemployment rate2.8%4.3%5.2%
Work from home23.3%10.7%15.1%
Median age38.438.138.9

FAQ

What is the average rent in Hamilton County, IN?

The median gross rent in Hamilton County, IN is $1,574 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $62,960 a year in gross income.

Is Hamilton County, IN expensive to live in?

Rent there is 11% higher than the U.S. median, and the median home costs about 3.3 times the median household income.

Other counties in Indiana

Marion County, INRent $1,153 · Income $66,346Lake County, INRent $1,131 · Income $71,493Allen County, INRent $1,021 · Income $70,737St. Joseph County, INRent $1,062 · Income $66,868Elkhart County, INRent $1,047 · Income $68,561Tippecanoe County, INRent $1,124 · Income $60,636

Counties with a similar cost of living

Scott County, MNRent $1,568 · Income $119,314Goochland County, VARent $1,614 · Income $118,931Sussex County, NJRent $1,585 · Income $116,186Oconee County, GARent $1,462 · Income $121,217Kendall County, TXRent $1,606 · Income $114,962Carver County, MNRent $1,514 · Income $125,946

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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