Housing costs in Cedar Grove?
A typical home costs
$168,000, which is 50.3% less expensive than the national average of
$338,100 and 24.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Cedar Grove 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 Cedar Grove?
To live comfortably in Cedar Grove, Indiana, a minimum annual income of
$32,040 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Cedar Grove?
The cost of living in Cedar Grove, IN is affordable compared to other cities in the area. Although housing costs are slightly higher than average for Indiana, they are still considerably lower than what you would pay in nearby cities like Indianapolis and Fort Wayne. The median income for households is also higher than the U.S. average, so residents have a good chance of finding employment to cover their basic expenses. Taxes are also relatively low, making the city a great place for those looking to stretch their budget further. All in all, Cedar Grove offers an attractive balance of affordability and convenience.