Hamilton County, IN at a glance
Median household income
$121,530$10,128 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Hamilton County, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Hamilton County, IN? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Indianapolis-Carmel, IN HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,118 | $13,416 | $44,720 | 11% |
| 1-Bedroom Apartment | $1,267 | $15,204 | $50,680 | 12.5% |
| 2-Bedroom ApartmentBenchmark | $1,473 | $17,676 | $58,920 | 14.5% |
| 3-Bedroom Home | $1,907 | $22,884 | $76,280 | 18.8% |
| 4-Bedroom Home | $2,338 | $28,056 | $93,520 | 23.1% |
Rent in Hamilton County, IN, with the wage each unit needs →
What a typical income covers in Hamilton County, IN
The 50/30/20 rule applied to the local median of $121,530 a year ($10,128 a month before tax).
What $121,530 leaves after Indiana taxes
Federal income tax, Social Security, Medicare and Indiana tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Indiana
Living in Hamilton County, IN: common questions
What is the median household income in Hamilton County, IN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Hamilton County, IN is $121,530 per year (approximately $10,128 per month).
What is the average rent in Hamilton County, IN?
The closest official figure is HUD's Fair Market Rent for 2026: $1,118 for a studio, $1,267 for one bedroom, $1,473 for two, $1,907 for three and $2,338 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Hamilton County, IN expensive to live in?
Prices there run 4.3% below the U.S. average. BEA's regional price parity for the metro area is 95.7, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Hamilton County, IN?
To keep a $1,473 two-bedroom under 30% of gross income, a household needs about $58,920 a year, or $4,910 a month. That is 48% of what the typical household in Hamilton County, IN earns.
How much do you need to live comfortably in Hamilton County, IN?
On the local median income of $121,530 ($10,128 a month before tax), the 50/30/20 rule leaves $5,064 a month for needs like rent, utilities and groceries, $3,038 for everything else and $2,026 for savings or debt. A two-bedroom at $1,473 takes 29% of the needs share.
How much is the electric bill in Hamilton County, IN?
Homes in Indiana paid 17.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $158. Your bill depends mostly on heating and cooling.