Housing costs in Burns Harbor?
A typical home costs
$262,500, which is 22.4% less expensive than the national average of
$338,100 and 18.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Burns Harbor costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 11.7% more than the state average of
$980.
Can I afford Burns Harbor?
To live comfortably in Burns Harbor, Indiana, a minimum annual income of
$50,400 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Burns Harbor?
The cost of living in Burns Harbor, IN is significantly lower than the adjacent cities in the region. According to Sperling’s Best Places Cost of Living Index, the overall cost of living in Burns Harbor is 5% lower than the state average and 10% lower than the national average. This makes it an attractive option for people looking to save money. Housing costs are especially low compared to neighboring cities, with median home prices up to 23% lower. Additionally, transportation costs are low due to its close proximity to major highways and public transit systems. All in all, Burns Harbor is a great place for those looking for affordable living options without sacrificing quality of life.