Housing costs in Bourbon?
A typical home costs
$192,700, which is 43.0% less expensive than the national average of
$338,100 and 13.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bourbon costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford Bourbon?
To live comfortably in Bourbon, Indiana, a minimum annual income of
$37,080 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Bourbon?
The cost of living in Bourbon, IN is generally quite affordable. The median home value is $135,400 and the median rent price is $744 per month. Utility costs are quite low due to the mild climate and low population density. Groceries, gas, and other daily necessities are also reasonably priced. On average, the total cost of living in Bourbon, IN is 7% lower than the US national average. This makes it a great option for those looking for an affordable place to live or retire.