Housing costs in Hobart?
A typical home costs
$205,000, which is 39.4% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hobart costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$980.
Can I afford Hobart?
To live comfortably in Hobart (zip 46342), Indiana, a minimum annual income of
$39,240 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Hobart?
The cost of living in 46342 Hobart, IN is fairly low compared to other areas in the country. According to BestPlaces's Cost of Living Index, Hobart has an overall index score of 51.20, which is significantly lower than the national average of 100. This makes it a great option for those trying to keep costs down and get more value for their money. Housing prices in Hobart are well below the national average and are some of the lowest in the state, making it an affordable place to call home. Additionally, transportation costs in Hobart are lower than average as well due to its close proximity to major metropolitan areas like Chicago and Gary. All-in-all, Hobart can provide a high quality of life at a fraction of the price when compared to other areas around Indiana and beyond.