Cost of Living in Kokomo, IN
Population: 59,375 • 2026 Data
$54,195
Median Household Income
-30% vs national
$917
Median Monthly Rent
-32% vs national
$126,500
Median Home Value
-63% vs national
5.8%
Unemployment Rate
Housing in Kokomo
The median home value in Kokomo, IN is $126,500. Monthly rent for a typical unit averages $917, while total monthly housing costs (including utilities and insurance) average $854.
Rent-to-income ratio: 20.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Kokomo, IN is $54,195. The unemployment rate stands at 5.8%, with a labor force of 27,463 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.