Cost of Living,
Kokomo's Real Estate Market
Kokomo Metro Area
Profile: Small industrial town Location: North-central Indiana, 60 miles north of Indianapolis Elevation: 808 Time zone: Eastern Standard Time
|Cost of living||Educational attainment|
|Small town atmosphere||Economic cycles|
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Kokomo, an important industrial center mainly tied to the automotive industry, supplies automotive parts for assembly plants nationwide. DaimlerChrysler and the troubled Delphi are the two largest private employers. The city has a long history of auto innovation dating back to the creation of the first American automobile in Kokomo in 1894.
Today the area is known on the world stage for having a prime business, manufacturing and labor climate. Kokomo has a friendly small-town feel with a typically Midwestern downtown, considerable local pride, and is unusually clean and attractive for a town with such a strong industrial presence.
Mississinewa Lake to the northeast offers recreational opportunities. Living and especially housing costs are very attractive, and relatively high incomes give strong buying power. There is some college presence with local campuses of Indiana, Purdue and Indiana Wesleyan universities. While somewhat economically diversified, the area is still tied to the fortunes of the auto industry. Indianapolis is an hour south.
The town is located on a primarily level, agricultural plain extending north to Lake Michigan. To the northeast lies an area of low wooded hills. The climate is continental with four distinct seasons, including warm humid summers and variably cold winters. Weather changes are frequent, and winter and summer alike have rainy periods. Winters also bring windy, snowy days partly arising from Lake Michigan to the north. First freeze is mid-October, last is late April.
Interesting Facts about Kokomo, Indiana
As of 2014, Kokomo's population is 54,402 people. Since 2000, it has had a population growth of 13.89 percent.--------------------
The median home cost in Kokomo is $80,800. Home appreciation the last year has been 2.60 percent.--------------------
Compared to the rest of the country, Kokomo's cost of living is 20.00% Lower than the U.S. average.--------------------
Kokomo public schools spend $10,972 per student. The average school expenditure in the U.S. is $12,435. There are about 15 students per teacher in Kokomo.--------------------
The unemployment rate in Kokomo is 5.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Kokomo jobs have Increased by 5.92 percent.
Ranked #57 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #63 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #101 2005 Best Places to Live
Ranked #243 Best Green Cities
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Average Commute time is 19 minutes. The National Average is 25 minutes.--------------------
Kokomo's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes