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Cost of Living in Meade County

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

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Rent vs. Buy Affordability Calculator

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

$74,249
$993/mo

Median in area: $993

$206,993

Median in area: $206,993

$41,399

If you Rent

🔑
$1,172 /mo
Base Rent$993
Est. Utilities$179
% of Income18.9%
Pre-tax Residual$5,015

If you Buy

🏠
$1,516 /mo
P&I (7.082%)$1,111
Taxes & Ins$226
Est. Utilities$179
% of Income24.5%
Pre-tax Residual$4,672

Compare Nearby Areas

See how Meade County stacks up against neighboring areas.

countyPerry County, IN
$729/mo
countyCrawford County, IN
$687/mo
countyHardin County, KY
$1,023/mo
countyBreckinridge County, KY
$756/mo
countyHarrison County, IN
$850/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Meade County. The estimated all-in monthly cost for renting is $1,172, while owning a median-priced home with a 20% down payment is roughly $1,516 per month (a difference of $344).

How much do utilities cost in Meade County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Meade County is approximately $179. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Meade County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $46,880 per year.