Safe Rate Local

Cost of Living in Daviess County

Is it better to rent or buy in Daviess County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Daviess County Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$72,915
$779/mo

Median in area: $779

$194,784

Median in area: $194,784

$38,957

If you Rent

🔑
$1,041 /mo
Base Rent$779
Est. Utilities$262
% of Income17.1%
Pre-tax Residual$5,035

If you Buy

🏠
$1,508 /mo
P&I (7.209%)$1,059
Taxes & Ins$187
Est. Utilities$262
% of Income24.8%
Pre-tax Residual$4,569

Compare Nearby Areas

See how Daviess County stacks up against neighboring areas.

countyGreene County, IN
$798/mo
countyDubois County, IN
$855/mo
countyPike County, IN
$781/mo
countyMartin County, IN
$690/mo
countyKnox County, IN
$776/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Daviess County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Daviess County. The estimated all-in monthly cost for renting is $1,041, while owning a median-priced home with a 20% down payment is roughly $1,508 per month (a difference of $467).

How much do utilities cost in Daviess County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Daviess County is approximately $262. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Daviess County?›

To comfortably afford the median rent and utilities in Daviess County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,640 per year.