Cost of Living in Hancock County, IN

What does it cost to live in Hancock County? Income, housing, and affordability breakdown.

Median Income

$85,262

Median Rent

$1,058/mo

Median Home

$235,500

Affordability

505

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,191
Property Tax$137
Insurance$79

Total Monthly$1,407
% of Income19.8%

Renting

Median Rent$1,058
Renter's Insurance$25

Total Monthly$1,083
% of Income14.9%

Living in Hancock County, Indiana

Hancock County has a median household income of $85,262 with housing costs that represent 19.8% of income for owners and 14.9% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 505 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Indiana

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.