Housing costs in Glenwood?
A typical home costs
$173,300, which is 48.7% less expensive than the national average of
$338,100 and 21.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Glenwood costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Glenwood?
To live comfortably in Glenwood, Indiana, a minimum annual income of
$33,120 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Glenwood?
The cost of living in Glenwood, IN is quite reasonable. The overall cost of living index is approximately 5% lower than the national average. Housing costs are especially affordable as the median home value is around $90,000. Utility bills also tend to be lower than other parts of the country due to the town's close proximity to a number of natural resources. Additionally, transportation costs are kept low due to excellent infrastructure and public transportation options. In general, people who live in Glenwood enjoy a low-cost lifestyle that allows them to save money for other uses.