Counties › Indiana

Cost of Living in Marion County, IN

Population 975,809 · Census ACS 2020–2024 5-year estimates

Median rent$1,153
Median home value$224,000
Median household income$66,346

The median rent in Marion County, IN is $1,153/month, 9% higher than the Indiana median and 18% lower than the U.S. median. The median home value is $224,000, 33% lower than the national median. Households earn a median of $66,346 a year, 8% lower than the state median.

Affordability

Rent as a share of median income: 20.9%
Income needed for median rent (30% rule): $46,120/yr
Home price-to-income ratio: 3.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,133/mo

Run your own numbers: mortgage calculator · hourly to salary

Marion County vs. Indiana vs. U.S.

Marion CountyIndianaU.S.
Median rent$1,153$1,062$1,413
Median home value$224,000$218,200$332,700
Median household income$66,346$71,957$80,734
Homeownership rate56.5%70.6%65.2%
Bachelor's degree or higher34.8%29.5%35.7%
Poverty rate15.3%12.3%12.5%
Unemployment rate5.0%4.3%5.2%
Work from home13.9%10.7%15.1%
Median age34.438.138.9

FAQ

What is the average rent in Marion County, IN?

The median gross rent in Marion County, IN is $1,153 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $46,120 a year in gross income.

Is Marion County, IN expensive to live in?

Rent there is 18% lower than the U.S. median, and the median home costs about 3.4 times the median household income.

Other counties in Indiana

Lake County, INRent $1,131 · Income $71,493Allen County, INRent $1,021 · Income $70,737Hamilton County, INRent $1,574 · Income $121,530St. 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

Gates County, NCRent $1,143 · Income $66,333Gaston County, NCRent $1,153 · Income $67,478Taylor County, TXRent $1,159 · Income $67,139Pasquotank County, NCRent $1,170 · Income $66,589McLennan County, TXRent $1,173 · Income $66,643Salem city, VARent $1,133 · Income $66,725

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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