1st Advantage MortgageMedian rent in Floyd County is $1,036 a month against a median household income of $79,704, about 16% of income (ACS 2020-24). A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Indiana license first.
On this page
- Who lives in Floyd County
- Rent, home values and ownership in Floyd County
- The $79,704 median and what sits around it
- What stands out in Floyd County
- Jobs and commutes in Floyd County
- Neighboring counties at a glance
- Census places in Floyd County
- Before borrowing in Floyd County
- People and households in Floyd County
- What a median Floyd County budget can carry
- Steps before you apply in Floyd County
- Verifying a lender from Floyd County
- Nearby and statewide guides
- Frequently asked questions
Who lives in Floyd County
The latest five-year Census estimate puts Floyd County's population at 80,918; only 20 of Indiana's 92 county-level areas are larger. Floyd County spans 148 square miles; with 80,918 people, that is 545.0 per square mile. Metro area: Louisville/Jefferson County, KY-IN (OMB, 2023). Largest place: New Albany, about 37,581 residents (46% of Floyd County); 4 Census places in all.
Rent, home values and ownership in Floyd County
$1,036 a month is the median gross rent in Floyd County, 2% below the state. 47% of renting households spend 30% or more of income on rent, and 23% spend half or more. With a median value of $251,000, a typical Floyd County house costs 3.1 times what the median household earns in a year. Owners occupy 73% of homes. The median year built is 1980.
| Home costs | Floyd County | Indiana | Compared with Indiana |
|---|---|---|---|
| Burdened owners | 17% | 20% | -2.8 pts |
| Owners | 73% | 71% | +2.6 pts |
| Mobile homes | 2.8% | 4.4% | -1.6 pts |
| Rent-burdened renters | 47% | 48% | -1.5 pts |
| Median home value | $251,000 | $218,200 | 15% higher |
| Vacant units | 8% | 9% | -0.4 pts |
| Median gross rent | $1,036/mo | $1,062/mo | 2% lower |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
The $79,704 median and what sits around it
At $79,704, the typical Floyd County household income is 21% above the median U.S. county ($65,681). In the state ranking that is 12th of 92.
| Yearly household income | Floyd County | Gap to Indiana |
|---|---|---|
| Under $35,000 | 19.4% | -3.2 pts |
| $35,000 to $99,999 | 43.0% | -0.4 pts |
| $100,000 to $199,999 | 26.6% | +0.8 pts |
| $200,000 or more | 11.0% | +2.8 pts |
On the low end, 19% of Floyd County households report under $35,000; at the top, 38% report $100,000-plus. 10.3% of residents fall below the federal poverty line (statewide: 12.3%). Gini index for Floyd County: 0.440. Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
What stands out in Floyd County
The 4 Floyd County numbers that rank furthest from typical in Indiana, and what each means for a borrower:
- Floyd County ranks 7th highest of 92 Indiana counties for the share of workers who work from home: 14.1%, against 10.7% statewide. Remote and self-employed income may need tax returns as proof.
- On the share of commutes over 45 minutes, Floyd County sits near the bottom of Indiana at 8%, 9th lowest of 92. Less driving means fewer surprise repair bills.
- Median home value: $251,000 in Floyd County. Only 9 of 92 Indiana counties are higher. High values mean many owners could borrow against equity; weigh that risk carefully.
- On median household income, Floyd County sits near the top of Indiana at $79,704, 12th highest of 92. Higher local incomes do not change lender rules; your documented income is what counts.
Jobs and commutes in Floyd County
Top Floyd County industry by residents employed: education and health care, 23%; second, manufacturing, 17%. Compared with Indiana, the county leans toward finance, insurance and real estate (8% against 5%). The survey's unemployment rate for Floyd County averages 4.1% over 2020 to 2024 (state: 4.3%). Long commutes are the exception here: 8% of workers spend 45 minutes or longer getting to work. No car: 5.8% of Floyd County households.
| Top industries | Floyd County share | +/- vs Indiana |
|---|---|---|
| Education and health care | 23.5% | 0.0 pts |
| Manufacturing | 16.6% | -1.4 pts |
| Professional and administrative services | 10.7% | +1.5 pts |
| Retail trade | 9.6% | -1.1 pts |
| Finance, insurance and real estate | 8.1% | +2.8 pts |
| Arts, lodging and food service | 7.4% | -0.4 pts |
Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.
Neighboring counties at a glance
Nearest neighbors first, measured between county centers (14 to 26 miles). 1 of the six report a higher median household income than Floyd County; Oldham County is highest at $122,497 and Scott County lowest at $56,352. Some neighbors are in Kentucky. Lender licensing is state by state, so a loan for a Floyd County resident follows Indiana rules.
| County | Miles | Median household income | Median rent | Homeownership |
|---|---|---|---|---|
| Floyd County | - | $79,704 | $1,036/mo | 73% |
| Harrison County, IN | 14 mi | $74,475 | $836/mo | 84% |
| Clark County, IN | 15 mi | $74,214 | $1,129/mo | 75% |
| Jefferson County, KY | 16 mi | $69,866 | $1,149/mo | 62% |
| Washington County, IN | 22 mi | $64,641 | $780/mo | 82% |
| Oldham County, KY | 25 mi | $122,497 | $1,219/mo | 87% |
| Scott County, IN | 26 mi | $56,352 | $822/mo | 71% |
Census places in Floyd County
4 Census places fall mainly inside Floyd County; the 4 biggest are below. They account for 44,505 residents, leaving about 45% of the county in unincorporated, unnamed areas. Greenville has the highest median household income on the list ($134,934) and New Albany the lowest ($54,710), counting places with at least 500 residents. None of the 4 has its own city guide, so this page covers all of them.
| Name | Kind | Pop. | Income | Rent | Miles |
|---|---|---|---|---|---|
| New Albany | city | 37,581 | $54,710 | $1,026 | 5 mi |
| Georgetown | town | 3,800 | $113,265 | $980 | 3 mi |
| Greenville | town | 1,575 | $134,934 | $1,176 | 5 mi |
| Galena | CDP | 1,549 | $127,738 | n/a | 3 mi |
CDPs are unincorporated communities the Census Bureau defines for counting.
Before borrowing in Floyd County
A few patterns in the Floyd County data, and the practical point behind each:
- 47% rent-burdened. A payment on top of high rent needs a cushion; size it with the calculator.
- Check your file. An error fixed before you apply can change the offers a Floyd County borrower sees (free reports).
- Consolidating cards in Floyd County. Compare the total repaid, not the monthly figure (how).
People and households in Floyd County
33% of Floyd County adults 25 and older hold a bachelor's degree or more. 4.6% of residents have no health coverage.
| Measure | Floyd County | Gap to Indiana | Gap to typical U.S. county |
|---|---|---|---|
| Bachelor's or higher | 32.9% | +3.5 pts | +10.8 pts |
| Work from home | 14.1% | +3.4 pts | +5.4 pts |
| Median age | 40.9 | +2.8 yrs | -0.6 yrs |
| No health insurance | 4.6% | -2.7 pts | -3.2 pts |
| No high school diploma | 7.1% | -2.5 pts | n/a |
| Poverty rate | 10.3% | -2.0 pts | -2.8 pts |
| No vehicle | 5.8% | -0.5 pts | +0.3 pts |
| Unemployment (ACS) | 4.1% | -0.1 pts | -0.3 pts |
| Minutes to work | Floyd County workers |
|---|---|
| Under 15 min | 23.2% |
| 15 to 29 min | 48.7% |
| 30 to 44 min | 20.3% |
| 45 to 59 min | 4.3% |
| 60+ min | 3.5% |
What a median Floyd County budget can carry
The debt-to-income ratio is the main affordability test lenders use. Applied to Floyd County's medians:
- Median income divided by twelve: $6,642 before taxes
- Housing at the median rent of $1,036 uses 16%
- 36% debt-to-income limit: $1,355 left for all other debt payments
- At 43%, room after rent is $1,820 a month
A household below the $79,704 median has less room than this, often none.
Steps before you apply in Floyd County
Four checks before you sign anything:
- Write down what the expense costs; a smaller loan costs less.
- Collect three written offers and compare APR and total repaid.
- A Indiana license check takes minutes; do it first.
- Confirm the first due date before setting up autopay.
Verifying a lender from Floyd County
Consumer lenders serving Floyd County are licensed by the state, not the county; in Indiana that is the Indiana Department of Financial Institutions. Problems with a lender can also go to the CFPB. Statewide data and rules: Indiana guide.
Nearby and statewide guides
The Indiana guide covers the whole state.
Frequently asked questions
What is the median household income in Floyd County?
$79,704 a year in the 2020 to 2024 Census survey, versus $71,957 for Indiana. It ranks 12th of 92 in the state.
Is Floyd County expensive for renters?
Median rent is $1,036 against $1,062 statewide, and 47% of renter households are cost-burdened.
What are the biggest places in Floyd County?
By population: New Albany, Georgetown, Greenville, Galena. The county has 4 Census places in all.
Does living in Floyd County change what I qualify for?
Not in our fit check, which uses only the amount, credit range, income and payments you enter, the same for a Floyd County resident as anyone. Lenders decide under fair-lending law.
Is there a Floyd County office that licenses lenders?
No, licensing is statewide. In Indiana it is the Indiana Department of Financial Institutions.