Housing costs in Laketon?
A typical home costs
$106,000, which is 68.6% less expensive than the national average of
$338,100 and 52.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Laketon costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 14.0% cheaper than the state average of
$980.
Can I afford Laketon?
To live comfortably in Laketon, Indiana, a minimum annual income of
$20,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Laketon?
The cost of living in Laketon, IN is quite reasonable. The average home costs around $120,000, and the median household income is $50,000. Renting is also an affordable option; a one-bedroom apartment typically runs between $500-$750 per month. Groceries are comparable to nearby cities, with essentials like bread and milk costing roughly the same as they would elsewhere. Utilities are also fairly priced compared to other places in the area. All of this makes Laketon an attractive place to live for those who want to get away from the hustle and bustle of bigger cities while still maintaining a decent standard of living.