Connersville, IN

Very Low · 46

Indiana · Population 13,241 · Updated March 2026

$776
Median Rent / Month
$45,679
Median Income
$96,300
Median Home Value
$739
Owner Costs / Month

Affordability

How far your income goes in Connersville

20.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Indiana

State-level tax rates that affect your costs

3.05%
Income Tax (Top Rate)
7.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$9,312
Annual Rent
$1,393
State Income Tax
$799
Property Tax (est.)

Cost of Living Overview

Connersville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 46 (where 100 equals the national median), Connersville residents can expect to pay median rent of $776/month while earning a median household income of $45,679/year.

The median home value in Connersville, IN is $96,300, with typical monthly owner costs around $739 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Indiana has a moderate income tax rate of 3.05%. Combined with a 7.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Connersville.

Frequently Asked Questions

Common questions about living costs in Connersville

What is the cost of living in Connersville, IN?
The cost of living index in Connersville, IN is 46 (US average = 100). Median monthly rent is $776, median household income is $45,679/year, and the median home value is $96,300.
Is Connersville, IN affordable?
Yes, Connersville is more affordable than the national average with a cost index of 46. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Connersville, IN?
The median gross rent in Connersville, IN is $776 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,312.
What is the median household income in Connersville?
The median household income in Connersville, IN is $45,679 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Indiana?
Indiana has a top income tax rate of 3.05%, a sales tax of 7.0%, and an effective property tax rate of 0.83%.