salaryRent is lower than in 83% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.1 minutes.
How much money do I need?
To rent here comfortably, you should earn about $43,280 a year. That is $21 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 46 of 132 cities from cheapest to most expensive.
How much do households earn in Kokomo?
Share of households by yearly income. 14.0% of households earn $100,000 or more.
Rent by apartment size in Kokomo
| Size | Kokomo | U.S. average |
|---|---|---|
| Studio | $983 | $1,338 |
| 1 bedroom | $763 | $1,324 |
| 2 bedrooms | $1,045 | $1,509 |
| 3 bedrooms | $1,191 | $1,698 |
| 4 bedrooms | $1,386 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Kokomo overall?
Everyday prices in the Kokomo metro area are 10% below the U.S. average (index 89.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Kokomo
Life in Kokomo
What jobs pay in Kokomo
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $151,730 | 8.6% |
| Software Developer | $132,390 | 9.8% |
| Nurse Practitioner | $126,220 | 10.3% |
| Lawyer | $104,320 | 12.4% |
| Operations Manager | $97,930 | 13.3% |
| Dental Hygienist | $94,230 | 13.8% |
| Plumber | $91,470 | 14.2% |
| Electrician | $91,290 | 14.2% |
| Registered Nurse | $83,370 | 15.6% |
| Accountant | $77,520 | 16.7% |
| Police Officer | $72,300 | 18.0% |
| Licensed Practical Nurse | $67,240 | 19.3% |
| HVAC Technician | $64,800 | 20.0% |
| Market Research Analyst | $62,450 | 20.8% |
| Elementary School Teacher | $61,180 | 21.2% |
| Carpenter | $61,000 | 21.3% |
| Truck Driver | $58,370 | 22.2% |
| Medical Assistant | $44,700 | 29.0% |
| Warehouse Worker | $39,040 | 33.3% |
| Customer Service Representative | $38,380 | 33.8% |
| Nursing Assistant | $38,250 | 33.9% |
| Restaurant Cook | $35,300 | 36.8% |
| Retail Salesperson | $31,580 | 41.1% |
| Cashier | $29,570 | 43.9% |
| Server (Waiter/Waitress) | $28,420 | 45.7% |
Is it cheaper to rent or buy in Kokomo?
Buying is cheaper month to month: about $129 a month less than renting.
Owning assumes a typical $137,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,740 for the down payment.
Frequently asked questions
What is the average rent in Kokomo, IN?
Renting in Kokomo costs a median of about $1,082 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Kokomo?
To keep rent under 30% of income, you need about $43,280 a year, or $21 an hour at a full-time job.
Is Kokomo cheap or expensive?
Kokomo is rated OK: rent takes 21.7% of the typical household income of $59,706. It ranks 46th cheapest of 132 Indiana cities we track.
How much are property taxes in Kokomo?
The median homeowner in Kokomo pays $1,075 a year in property taxes, about 0.78% of the median home value.
Is Kokomo more expensive than the national average?
Overall prices in the metro area are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Kokomo?
The median home value in Kokomo is $137,400, about 2.3 times the typical yearly household income.
59,122 people live in Kokomo. Numbers are typical (middle) values.