Housing costs in Indianapolis?
A typical home costs
$118,500, which is 65.0% less expensive than the national average of
$338,100 and 46.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,040 per month, which is 6.1% more than the national average of
$980 and close to the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46222), Indiana, a minimum annual income of
$22,680 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in Indianapolis, IN 46222 is relatively low compared to most other cities in the United States. According to the 2019 Cost of Living Index, the average cost of goods and services in 46222 is 8.6% below the national average. The median home price in this area is also quite reasonable, at $132,000—less than half the national median home price. Rent costs for a one-bedroom apartment are similarly modest, with an average rate of just $842 per month. All in all, living in Indianapolis is a great bargain for those looking for an affordable place to call home.