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Indianapolis-Carmel-Greenwood, IN

Cost of living in Hancock County, IN

Part of the Indianapolis Metro Area

Estimated monthly cost
$3,281/mo
for a single person, all categories combined

Population 82,013 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,097 33%
Federal tax $685 21%
Healthcare $480 15%
Transport $320 10%
Groceries $318 10%
Energy $199 6%
State tax $132 4%
Water $50 2%

Rent in Hancock County

Fair Market Rents by bedroom count.

Studio
$955
per month
1 bedroom
$1,097
per month
2 bedroom
$1,283
per month
3 bedroom
$1,669
per month
4 bedroom
$2,028
per month

Source: HUD FMR FY2025

Income and earnings in Hancock County

Annual earnings figures from the Census ACS.

Household income
$91,326
per year
Individual earnings
$51,917
per year
Per capita
$45,781
per year

Source: ACS 2019-2023 5-Year.

Home values in Hancock County

Average values reported by homeowners.

Average home value
$258,100
Annual property tax
$1,756

Source: ACS 2019-2023 5-Year

Energy costs in Hancock County

Estimated monthly electricity and gas costs.

Electricity
$142
per month · 15.8¢/kWh
Natural gas
$57
per month
Annual total
$2,388
per year

Source: EIA

Healthcare in Hancock County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
5.2%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Hancock County

State and local tax rates for Indiana.

State income tax
3.0%
Flat rate
State sales tax
7.0%
Combined sales tax
7.0%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Hancock County

Commute patterns and estimated costs.

Average commute
27.4 min
Drive alone
75.8%
Public transit
0.0%
Work from home
15.3%

Source: ACS

Monthly cost estimates for Hancock County

What it costs to live in Hancock County each month.

Single person
$3,281
per month
  • Rent $1,097
  • Energy $199
  • Water $50
  • Groceries $318
  • Transport $320
  • Healthcare $480
  • Federal tax $685
  • State tax $132
Couple
$4,790
per month
  • Rent $1,283
  • Energy $239
  • Water $60
  • Groceries $527
  • Transport $420
  • Healthcare $864
  • Federal tax $1,165
  • State tax $232
Family
$7,304
per month
  • Rent $1,669
  • Energy $298
  • Water $70
  • Groceries $800
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,165
  • State tax $232

Frequently asked questions about Hancock County

Common questions about cost of living, rent and salary.

What is the average rent in Hancock County?

In Hancock County, IN, a one-bedroom apartment averages $1,097 per month, a two-bedroom averages $1,283 per month, a three-bedroom averages $1,669 per month, according to HUD Fair Market Rent data.

What is the average salary in Hancock County?

In Hancock County, IN, the average household income is $91,326 per year and individual earnings for full-time workers average $51,917 per year, according to U.S. Census Bureau data.

What is the cost of living in Hancock County?

The estimated cost of living in Hancock County, IN is approximately $3,281 per month for a single person, $4,790 for a couple, $7,304 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Hancock County?

The combined sales tax rate in Hancock County, IN is 7.00%, which includes the Indiana state rate of 7.00% plus an average local rate of 0.00%.

Is Hancock County an affordable place to live?

Based on the data, a single person in Hancock County, IN would need approximately $3,281 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $91,326 per year ($7,611 per month). Hancock County is relatively affordable compared to the national average.

How much does healthcare cost in Hancock County?

The ACA marketplace benchmark premium in Hancock County, IN is approximately $480 per month for an individual. Approximately 5.2% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Hancock County?

The average home value in Hancock County, IN is $258,100, with average annual property taxes of $1,756, according to U.S. Census Bureau data.

How does Hancock County compare to other areas?

You can compare Hancock County, IN with any other US county using our comparison tool at /compare. Hancock County is in the Indianapolis-Carmel-Greenwood, IN metro area.

Other counties in Indiana

Browse the full list of counties in Indiana, ranked by cost of living.

See all counties in Indiana

Compare Hancock County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources