1st Advantage MortgageIn Owen County, Indiana, the typical household earns $62,464 a year and the typical rent is $911. Those figures describe the county, not you: compare at least three written offers by APR and total cost, and confirm the lender's license before you apply.
On this page
- Owen County, IN: the basics
- Household income in Owen County
- Jobs and commutes in Owen County
- Owen County housing compared with Indiana
- Regional comparison for Owen County
- Places inside Owen County
- Who lives in Owen County, in numbers
- Before borrowing in Owen County
- A Owen County household budget, worked through
- Licensing and complaints for Owen County
- Checklist for Owen County applicants
- More guides for Owen County
- Frequently asked questions
Owen County, IN: the basics
Owen County is home to about 21,604 people, according to the Census Bureau's 2020 to 2024 American Community Survey, which makes it the 68th most populous of 92 county-level areas in Indiana. It covers 385 square miles of land, or about 56 people per square mile. It is one of the counties that make up the Bloomington, IN metropolitan statistical area (OMB, 2023). Of the 2 Census places inside Owen County, Spencer leads by population with about 2,481; 2 of the 2 are incorporated.
Household income in Owen County
Owen County households have a median income of $62,464 (ACS 2020 to 2024), which ranks 72nd of 92 in Indiana.
| Households earning | Owen County | +/- vs Indiana |
|---|---|---|
| Under $35,000 | 24.4% | +1.8 pts |
| $35,000 to $99,999 | 48.4% | +5.1 pts |
| $100,000 to $199,999 | 23.5% | -2.3 pts |
| $200,000 or more | 3.7% | -4.5 pts |
About 24% of households earn under $35,000, while 27% clear $100,000. Census counts 12.3% of Owen County residents in poverty, against 12.3% across Indiana. The Gini index of income inequality is 0.427 (0 is perfect equality). For a borrower in Owen County, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
Jobs and commutes in Owen County
Manufacturing employs 23% of working residents, the largest share; education and health care is next with 20%. Compared with Indiana, the county leans toward manufacturing (23% against 18%). The survey's unemployment rate for Owen County averages 3.0% over 2020 to 2024 (state: 4.3%). About 78% drive to work alone and 29% have trips of 45 minutes or more. 3.1% of households have no vehicle.
| Top industries | Owen County share | +/- vs Indiana |
|---|---|---|
| Manufacturing | 23.0% | +5.0 pts |
| Education and health care | 19.6% | -3.9 pts |
| Construction | 10.9% | +4.3 pts |
| Retail trade | 8.6% | -2.2 pts |
| Transportation, warehousing and utilities | 8.5% | +2.3 pts |
| Professional and administrative services | 7.2% | -2.0 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Owen County housing compared with Indiana
Renters in Owen County pay a median of $911 a month, 14% below the Indiana figure of $1,062. By the Census definition, 37% of Owen County renters are cost-burdened. Home values center on $172,400, or 2.8 years of median income. 81% of Owen County households own their home and 19% rent. The median year built is 1982.
| Housing | Owen County | Indiana statewide | Typical U.S. county |
|---|---|---|---|
| Median gross rent | $911/mo | $1,062/mo | $877/mo |
| Median home value | $172,400 | $218,200 | $185,300 |
| Owners | 81% | 71% | 75% |
| Rent-burdened renters | 37% | 48% | 45% |
| Burdened owners | 22% | 20% | n/a |
| Mobile homes | 15.0% | 4.4% | n/a |
Because most Owen County households own, home repairs are a frequent reason to borrow. An unsecured personal loan leaves the house out of the deal, while a HELOC uses it as collateral.
Regional comparison for Owen County
The six counties whose centers lie closest to Owen County's, from 16 to 31 miles away. Morgan County leads the group on income ($79,429), Vigo County trails ($52,976), and Owen County out-earns 2 of the six.
| County | Miles | Median household income | Median rent | Homeownership |
|---|---|---|---|---|
| Owen County | - | $62,464 | $911/mo | 81% |
| Clay County, IN | 16 mi | $70,010 | $873/mo | 81% |
| Monroe County, IN | 20 mi | $65,868 | $1,193/mo | 54% |
| Greene County, IN | 21 mi | $62,094 | $797/mo | 77% |
| Morgan County, IN | 24 mi | $79,429 | $1,042/mo | 82% |
| Putnam County, IN | 24 mi | $78,378 | $884/mo | 75% |
| Vigo County, IN | 31 mi | $52,976 | $924/mo | 62% |
Places inside Owen County
Here are the 2 most populous of the county's 2 Census places, with income and rent from the same 2020 to 2024 survey. About 18% of Owen County residents live in one of the 2. No Owen County place has a separate guide yet; this county page serves all 2.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Spencer | town | 2,481 | $48,378 | $798 | 4 mi |
| Gosport | town | 1,303 | $59,886 | $898 | 9 mi |
Who lives in Owen County, in numbers
Degree holders: 17% of adults over 25. About 6% go without health insurance.
| Owen County | Indiana | U.S. county median | |
|---|---|---|---|
| Median age | 45.0 | 38.1 | 41.5 |
| Bachelor's or higher | 16.8% | 29.5% | 22.2% |
| No high school diploma | 12.4% | 9.6% | n/a |
| No health insurance | 6.3% | 7.4% | 7.8% |
| No vehicle | 3.1% | 6.2% | 5.4% |
| Work from home | 9.8% | 10.7% | 8.7% |
| Poverty rate | 12.3% | 12.3% | 13.2% |
| Unemployment (ACS) | 3.0% | 4.3% | 4.4% |
| Minutes to work | Owen County workers |
|---|---|
| Under 15 min | 21.3% |
| 15 to 29 min | 28.6% |
| 30 to 44 min | 20.9% |
| 45 to 59 min | 12.4% |
| 60+ min | 16.7% |
Before borrowing in Owen County
Based on the Owen County data above, these borrowing questions are most likely to matter locally.
- Vehicle repairs. 29% of Owen County workers commute 45+ minutes, so a breakdown can cost a paycheck. Get two written estimates.
- 15% mobile homes. Many are not titled as real estate, so home-equity options may not apply; an unsecured loan is the usual route.
- Fixed incomes. Owen County's median age is 45.0. Social Security and pensions count as income when documented.
A Owen County household budget, worked through
Here is the Owen County median household run through a simple DTI check. Your numbers will differ.
- $62,464 a year is $5,205 of gross monthly income
- Median rent: $911, or 18 cents of every gross dollar
- $1,171: what a 40% ratio leaves once rent is paid
Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Owen County's.
Licensing and complaints for Owen County
The Indiana Department of Financial Institutions is the place to verify any lender's Indiana license. A CFPB complaint gets forwarded to the company for a response. More on Indiana: Indiana personal loans.
Checklist for Owen County applicants
Quick steps for Owen County:
- Know the exact dollar figure you need before talking to a lender.
- Compare the total repaid on every offer, not just the payment.
- A Indiana license check takes minutes; do it first.
- Never pay a fee up front to get a loan.
More guides for Owen County
The Indiana guide covers the whole state.
Frequently asked questions
How much do households in Owen County earn?
The median is $62,464; 27% earn $100,000 or more and 24% under $35,000. A lender uses your own documented income, not this figure.
What do renters pay in Owen County?
$911 a month at the median, about 18% of median household income.
I own my home in Owen County. Personal loan or HELOC?
A HELOC uses the house as collateral; a personal loan usually does not. With 81% of homes owner-occupied here, many readers can compare both in writing.
Which towns does the Owen County guide cover?
Every community in the county, unincorporated areas included. The largest of its 2 Census places: Spencer, Gosport.
Does living in Owen 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 Owen County resident as anyone. Lenders decide under fair-lending law.