Cost of Living in Ferdinand, IN

With a cost of living index of 73, Ferdinand, IN is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 5% below the Indiana state average of 78. Ferdinand is a small community of 2,346 residents.

Housing costs are the biggest factor in Ferdinand's cost of living. The median monthly rent is $861 (35% below the US median of $1,319), and the median home value sits at $172,700 (43% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Ferdinand is $74,943, which is 0% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.