Housing costs in Middlebury?
A typical home costs
$313,100, which is 7.4% less expensive than the national average of
$338,100 and 41.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Middlebury costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Middlebury?
To live comfortably in Middlebury, Indiana, a minimum annual income of
$60,120 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Middlebury?
The cost of living in Middlebury, IN is quite affordable. The median home price is just $125,000, about 14% lower than the national average. Additionally, housing expenses are on average 12% lower than the national average. Besides housing costs, Middlebury also offers a great tax rate and competitive utility rates to its residents. In terms of food costs, groceries and food services are both slightly below the national average. Furthermore, transportation costs are also lower than the national average due to ample public transportation options throughout the city as well as fairly inexpensive gas prices. All these factors make living in Middlebury an affordable option for many people looking for a new place to call home.