Housing costs in Mitchell?
A typical home costs
$153,400, which is 54.6% less expensive than the national average of
$338,100 and 30.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mitchell 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 Mitchell?
To live comfortably in Mitchell, Indiana, a minimum annual income of
$29,520 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Mitchell?
Mitchell, IN is known for its low cost of living. The cost of living is 8% lower than the national average and 15% lower than Indiana's state average. Housing costs are particularly low in Mitchell, with median home prices coming in around $75,000 and monthly rent costing an average of $550. The overall cost of food, gas, healthcare, and other essentials is also quite low in Mitchell compared to other cities across the country. For many people looking for an affordable place to live, Mitchell provides a great option with plenty of amenities.