Quick facts: Connersville, IN

Quick Facts

95.3
Cost of Living
below US average
13,292
Population
26.33
Crime Rate per 1000
above US average
$41,769
Median Income
below US average
$150,000
Median House Price
above US average
$790.3
Average Rent
below US average
13%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,769.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $41,769
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Income Needed to Rent

βœ“ Affordable
$34k/year
Based on $790.3/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($41,769) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Connersville, IN

Connersville is a charming city located in Fayette County, Indiana. Known for its rich history and small-town atmosphere, Connersville was established in the early 19th century and has since evolved into a hub for local culture and community activities. The city is situated approximately 60 miles east of Indianapolis, making it easily accessible for those looking to explore the larger metropolitan area while enjoying a quieter lifestyle. One of Connersville's notable features is its historical architecture, with many buildings dating back to the late 1800s. The city's downtown area offers a variety of shops, restaurants, and community events, showcasing local artisans and businesses. Outdoor enthusiasts can enjoy the surrounding natural beauty, with parks and recreational areas providing opportunities for hiking, fishing, and picnicking. Connersville has a strong sense of community, hosting events like the annual Connersville Heritage Days, which celebrates the city's history and culture. Overall, Connersville combines a rich historical backdrop with an inviting community spirit, making it a pleasant place to live or visit.

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