Cost of Living in Kokomo
Kokomo's cost of living runs genuinely low on housing and property tax, set against a below-national median household income this record discloses honestly.
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Learn moreGenuinely affordable housing costs
Kokomo's average home value ($185,001, Zillow, +5.4% YoY) runs well below the national median, paired with a low 0.86% median effective property tax rate (Ownwell).
A below-national household income
Kokomo's median household income ($55,360) runs below the national median, with a real, disclosed 17.07% poverty rate -- a genuinely working-class manufacturing-town economic profile.
A real, disclosed combined income tax rate
Indiana's flat 2.95% state income tax combines with Howard County's real 2.35% local rate (effective January 1, 2026) for a disclosed 5.30% combined rate.
Indiana's uniform statewide sales tax
Indiana's simple, uniform 7% statewide sales tax applies in Kokomo with no county or municipal add-on, and most grocery food is exempt -- see indiana.js for the full statewide structure.
Key takeaways
- Average home value ($185,001) and effective property tax rate (0.86%) both run genuinely low.
- Median household income ($55,360) runs below national, with a disclosed 17.07% poverty rate.
- Combined state-plus-county income tax rate runs a disclosed 5.30% (2.95% state + 2.35% Howard County, 2026).
- Indiana's uniform 7% statewide sales tax applies with no local add-on.
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