Fayette County, Indiana
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Fayette County Compares
Detailed Income Statistics
Income Advisory: Fayette County
Income Verdict
Fayette County has a median household income of $56,659 and per capita income of $29,274 — a gap of $27,385, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $779/month and a median household income of $56,659, rent consumes approximately 16.5% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $56,659, residents of Fayette County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,274 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Fayette County earns approximately 17.5% below the Indiana state median household income of $68,681.
Data Story
About Household Income in Fayette County, Indiana
Fayette households earn significantly below national
Fayette County's median household income of $56,659 lags the national median of $74,755 by over $18,000, placing it among the lower-income counties nationally. This substantial gap reflects deeper economic challenges in the county.
Among Indiana's lowest-income counties
Fayette County's median household income of $56,659 falls well below Indiana's state average of $68,681 by roughly $12,000, placing it in the bottom tier of state counties. This represents one of the state's most economically disadvantaged regions.
Fayette matches Delaware in earnings struggle
Fayette ($56,659) nearly ties Delaware County ($56,932) as the lowest-earning measured county, significantly lagging all others including Fountain ($62,526), Elkhart ($65,617), and Franklin ($79,702). This county faces acute regional income disadvantages.
Affordable housing, tight overall budgets
Fayette's rent-to-income ratio of 16.5% suggests monthly housing costs around $780, which is reasonable, and the median home value of $114,800 is the lowest measured. However, lower overall incomes limit ability to save or invest after basic expenses.
Build resilience through small steps
Fayette households should prioritize establishing a $500–1,000 emergency fund first, then explore no-cost or low-cost wealth tools like community action agencies or nonprofit credit counseling. Even modest wealth-building—like using a high-yield savings account—protects against future shocks.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Fayette County
Your income is above the Fayette County median
County median: $56,659 per year
vs. County Median
+0%
vs. State Average
-18%
vs. National Median
-24%
Income Adequacy
Your monthly income ($4,722) vs. median rent ($779/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.