Housing costs in Oakland City?
A typical home costs
$130,900, which is 61.3% less expensive than the national average of
$338,100 and 40.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Oakland City costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 9.3% more than the state average of
$980.
Can I afford Oakland City?
To live comfortably in Oakland City, Indiana, a minimum annual income of
$25,200 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Oakland City?
Oakland City, IN is an affordable place to live. The cost of living in Oakland City is 8% lower than the U.S average, making it an attractive option for those looking to save money on their monthly expenses. The median home value is $111,500 and the median gross rent is $489 which are both significantly lower than other cities in the region. Additionally, transportation costs like fuel and auto maintenance are also lower than other areas in Indiana. All in all, Oakland City has many cost-saving advantages that make it a great place to call home.