Cost of Living in Morgan County, IN

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

Median Income

$79,134

Median Rent

$952/mo

Median Home

$200,600

Affordability

568

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,014
Property Tax$80
Insurance$67

Total Monthly$1,161
% of Income17.6%

Renting

Median Rent$952
Renter's Insurance$25

Total Monthly$977
% of Income14.4%

Living in Morgan County, Indiana

Morgan County has a median household income of $79,134 with housing costs that represent 17.6% of income for owners and 14.4% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 568 (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.