Housing costs in Orestes?
A typical home costs
$110,900, which is 67.2% less expensive than the national average of
$338,100 and 50.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Orestes 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 Orestes?
To live comfortably in Orestes, Indiana, a minimum annual income of
$21,240 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Orestes?
Orestes, IN is known for its inexpensive cost of living. According to the Cost of Living Index, the average cost of living in Orestes is around 10% lower than the US average. This is due to the low housing costs in the area, as well as low prices for groceries and other necessary items. The median home price in Orestes is $109,900 and rental rates are also very affordable at an average of $800 per month. Groceries are also significantly cheaper than most areas with a grocery index of 92. In addition, utility costs such as electricity and water are also quite low compared to other towns in Indiana. Therefore, individuals and families looking for a place to live on a budget will likely find Orestes to be quite affordable.