Housing costs in Anderson?
A typical home costs
$64,700, which is 80.9% less expensive than the national average of
$338,100 and 70.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Anderson costs
$890 per month, which is 9.2% cheaper than the national average of
$980 and 18.0% cheaper than the state average of
$1,050.
Can I afford Anderson?
To live comfortably in Anderson (zip 46016), Indiana, a minimum annual income of
$12,240 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Anderson?
The cost of living in Anderson, IN 46016 is relatively low. According to Best Places, rated on a scale of 100, the overall cost of living index is 79. This means that overall costs are 21 percent lower than the U.S. average. Groceries are 8 percent cheaper than the national average, while health care costs are 11 percent lower and housing costs are 28 percent lower. Because the cost of living is low, this makes it a great destination for people looking to stretch their dollars further and live comfortably in Indiana's sixth-largest city.