Housing costs in Pendleton?
A typical home costs
$273,800, which is 19.0% less expensive than the national average of
$338,100 and 23.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Pendleton costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 3.0% more than the state average of
$980.
Can I afford Pendleton?
To live comfortably in Pendleton, Indiana, a minimum annual income of
$52,560 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Pendleton?
The cost of living in Pendleton, IN is quite reasonable. According to Sperling's Best Places, Pendleton has a cost of living index score of 84.2, which is 16.8 percent lower than the national average. This means that residents can expect to pay significantly less for their everyday expenses such as groceries and rent relative to other parts of the country. Moreover, with a median home value of $141,400 and a median rent price of $851 per month, it is clear that Pendleton offers its residents access to relatively affordable housing options. Overall, Pendleton provides its residents with an excellent combination of quality lifestyle and affordability.