Housing costs in Decatur?
A typical home costs
$184,000, which is 45.6% less expensive than the national average of
$338,100 and 17.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Decatur costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 25.6% cheaper than the state average of
$980.
Can I afford Decatur?
To live comfortably in Decatur, Indiana, a minimum annual income of
$35,280 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Decatur?
The cost of living in Decatur, IN is relatively affordable. According to Sperling's Best Places, the cost of living index in Decatur is 79, which makes it about 20% lower than the national average. This means that basic expenses like housing, food and utilities are all much cheaper than in other parts of the country. Even though the median household income is slightly lower than the national average at $44,427, locals can still enjoy a good quality of life thanks to the affordability of goods and services.