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Cost of Living in Vigo County

Is it better to rent or buy in Vigo 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.

$56,087
$931/mo

Median in area: $931

$153,578

Median in area: $153,578

$30,716

If you Rent

🔑
$1,139 /mo
Base Rent$931
Est. Utilities$208
% of Income24.4%
Pre-tax Residual$3,535

If you Buy

🏠
$1,215 /mo
P&I (7.155%)$830
Taxes & Ins$177
Est. Utilities$208
% of Income26.0%
Pre-tax Residual$3,459

Compare Nearby Areas

See how Vigo County stacks up against neighboring areas.

countyEdgar County, IL
$796/mo
countyParke County, IN
$782/mo
countySullivan County, IN
$854/mo
countyClark County, IL
$835/mo
countyClay County, IN
$878/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Vigo County. The estimated all-in monthly cost for renting is $1,139, while owning a median-priced home with a 20% down payment is roughly $1,215 per month (a difference of $76).

How much do utilities cost in Vigo County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Vigo County is approximately $208. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Vigo County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $45,560 per year.