States › Indiana › Boonville

Is Boonville, IN expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$73358% lower than U.S. average
💵 Families earn per year (2026)$68,571about $5,714/month · 21% lower than U.S. average
🔑 House price$162,40051% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $29,320 a year. That is $14 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 3 of 132 cities from cheapest to most expensive.

Boonville
$733
Ellettsville
$1,354
Ross
$1,414
Garrett
$1,312
Nappanee
$1,219
Notre Dame
$1,461
Salem
$739

How much do households earn in Boonville?

Under $25k
17.1%
$25k–50k
26.4%
$50k–100k
32.0%
$100k–150k
15.0%
$150k+
6.8%

Share of households by yearly income. 21.8% of households earn $100,000 or more.

Rent by apartment size in Boonville

SizeBoonvilleU.S. average
1 bedroom$810$1,324
2 bedrooms$990$1,509
3 bedrooms$1,057$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Boonville overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Boonville, so the Indiana figure is shown.

Taxes and bills in Boonville

🏛️ Property tax$1,271a year · 0.78% of home value · U.S. $3,119
⚡ Electric bill$167a month (typical) · U.S. $156

Life in Boonville

Commute to work21.9 minU.S.: 26.4 min
College degree26.9%U.S.: 35.7%
Own their home66.9%U.S.: 65.2%
Below poverty line13.4%U.S.: 12.5%
Unemployment2.6%U.S.: 5.2%

Is it cheaper to rent or buy in Boonville?

Renting is cheaper right now: about $394 a month less.

Renting
$733
Owning
$1,127

Owning assumes a typical $162,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,240 for the down payment.

Frequently asked questions

What is the average rent in Boonville, IN?

Renting in Boonville costs a median of about $733 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Boonville?

To keep rent under 30% of income, you need about $29,320 a year, or $14 an hour at a full-time job.

Is Boonville cheap or expensive?

Boonville is rated Cheap: rent takes 12.8% of the typical household income of $68,571. It ranks 3rd cheapest of 132 Indiana cities we track.

How much are property taxes in Boonville?

The median homeowner in Boonville pays $1,271 a year in property taxes, about 0.78% of the median home value.

Is Boonville more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Boonville?

The median home value in Boonville is $162,400, about 2.4 times the typical yearly household income.

6,702 people live in Boonville. Numbers are typical (middle) values.