Housing costs in Lynn?
A typical home costs
$135,700, which is 59.9% less expensive than the national average of
$338,100 and 38.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lynn costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Lynn?
To live comfortably in Lynn, Indiana, a minimum annual income of
$25,920 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Lynn?
The cost of living in Lynn, IN is relatively low compared to national averages. According to the Sperling's Best Places Cost of Living Index, rent and grocery costs are both 10% lower than the national average, while utility costs are 11% lower. This makes housing affordable for those living on a budget. In addition, taxes in Lynn are relatively low, as the city has no property tax and only minimal sales tax. All these factors add up to a very affordable cost of living that makes Lynn an attractive option for those looking for an inexpensive place to call home.