Quick facts: Washington, IN

Quick Facts

95.3
Cost of Living
below US average
12,171
Population
9.12
Crime Rate per 1000
below US average
$48,255
Median Income
below US average
$198,000
Median House Price
above US average
$1516.67
Average Rent
above US average
12%
Poverty Rate
above US average
3.2%
Unemployment Rate
below 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 $48,255.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $198,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $48,255
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1516.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $48,255
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Washington, IN

Washington, Indiana, is a charming city located in Daviess County in the southwestern part of the state. Known for its rich agricultural heritage, Washington is a small but vibrant community that offers a combination of historical significance and modern amenities. The city is home to several historic sites, including the Daviess County Courthouse, which showcases stunning architectural design. The local economy is primarily driven by agriculture, manufacturing, and retail, offering a mix of job opportunities. Washington is also recognized for its friendly atmosphere and community events, such as the annual Daviess County 4-H Fair, which draws residents together to celebrate local culture. Outdoor enthusiasts will appreciate the city's parks, such as East Side Park, which provide recreational opportunities including walking trails, sports facilities, and picnic areas. The city’s location offers easy access to major highways, making it convenient for residents traveling to nearby urban areas. Overall, Washington, IN, embodies a sense of community and heritage, making it an appealing place to live and visit.

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