Pros and Cons of Living in Kokomo

Kokomo's core trade-off pairs genuine housing affordability and a real, current manufacturing-investment story against a below-national household income and a disclosed, elevated in-state crime ranking.

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Pro: genuine housing affordability

Kokomo's $185,001 average home value and 0.86% effective property tax rate both run genuinely low, well below many markets in this dataset.

Pro: a real, current manufacturing-investment story

Three real Stellantis plants, a disclosed $100 million engine-production investment, and a separate $250 million federal EV-conversion grant together make Kokomo's manufacturing base a genuine, active positive rather than a static legacy claim.

Con: a below-national household income and poverty rate

Kokomo's median household income ($55,360) runs below the national median, with a real, disclosed 17.07% poverty rate.

Con: an elevated in-state crime ranking

Kokomo's crime rate runs above the national average, and one aggregator ranks it higher-crime than approximately 88% of Indiana's own cities and towns.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.