Quick facts: Ligonier, IN

Quick Facts

95.3
Cost of Living
below US average
4,592
Population
5.66
Crime Rate per 1000
below US average
$54,701
Median Income
below US average
$250,000
Median House Price
above US average
$750.0
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
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 $54,701.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $54,701
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Income Needed to Rent

βœ“ Affordable
$32k/year
Based on $750.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($54,701) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ligonier, IN

Ligonier is a charming small town located in Noble County, Indiana. Known for its welcoming community and rich history, Ligonier is situated halfway between Fort Wayne and Elkhart, making it a convenient spot for those traveling through northern Indiana. The town boasts a beautiful downtown area with unique shops, local eateries, and a historic courthouse that adds to its quaint charm. Ligonier is surrounded by picturesque landscapes, with access to lakes and parks that provide recreational opportunities, such as fishing, boating, and hiking. The town is also home to several annual events that celebrate its heritage, including the Ligonier Marshmallow Festival, which draws visitors from all over the region. With a population of around 4,600 residents, Ligonier offers a close-knit community feel, where neighbors know each other and families can thrive. The local school system is dedicated to providing quality education and fostering student growth. Overall, Ligonier is a lovely destination for those seeking a peaceful setting rich in community spirit and outdoor activities.

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