Housing costs in Hobart?
A typical home costs
$218,000, which is 35.5% less expensive than the national average of
$338,100 and 1.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hobart costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 7.5% more than the state average of
$980.
Can I afford Hobart?
To live comfortably in Hobart, Indiana, a minimum annual income of
$41,760 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Hobart?
Hobart, IN is an affordable place to live. According to BestPlaces's Cost of Living Index for 2020, the cost of living in Hobart is 10% lower than the national average. Rent prices for a one-bedroom apartment can range from $500 to $700 per month, and monthly utility bills average around $105. Groceries and other daily necessities are generally inexpensive, so residents can easily stay within their budget. The city also offers amenities such as public transit, excellent schools, and plenty of parks and recreational activities that bring the cost of living down even further.