Indianapolis-Carmel, IN vs Warren County, IN
A 2-bedroom in Warren County costs $517 less per month than Indianapolis-Carmel ($956 vs $1,473). Median income is $77,065 in Indianapolis-Carmel and $74,635 in Warren County. That's a difference of $6,204 per year in housing costs.
Side-by-Side Comparison
| Metric | Indianapolis-Carmel | Warren County |
|---|---|---|
| Studio FMR | $1,118 | $688 |
| 1BR FMR | $1,267 | $845 |
| 2BR FMR | $1,473 | $956 |
| 3BR FMR | $1,907 | $1,330 |
| 4BR FMR | $2,338 | $1,376 |
| Median Income | $77,065 | $74,635 |
| Rent Burden | 22.9% | 15.4% |
| Actual Median Rent | $1,142 | $815 |
| Median Home Value | $244,000 | $160,000 |
| Population | 2.1M | 8.5K |
| Renter % | 33.4% | 19% |
| Vacancy Rate | 7.8% | 8.9% |
| Poverty Rate | 10.5% | 12.7% |
| Unemployment | - | 2.2% |
| YoY Change | +9.2% | +10.8% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Warren County, IN is more affordable with a 2BR FMR of $956/mo, which is $517 less than Indianapolis-Carmel at $1,473/mo. However, when considering local incomes, Indianapolis-Carmel has a rent burden of 22.9% vs 15.4% in Warren County.
A 2-bedroom in Indianapolis-Carmel, IN costs $1,473/mo at Fair Market Rent, while in Warren County, IN it's $956/mo, a difference of $517/mo or $6,204/year.
To afford a 2BR without spending more than 30% of income on rent: Indianapolis-Carmel requires $58,920/year ($28/hr). Warren County requires $38,240/year ($18/hr).