Housing costs in Shelbyville?
A typical home costs
$189,000, which is 44.1% less expensive than the national average of
$338,100 and 14.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Shelbyville costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$980.
Can I afford Shelbyville?
To live comfortably in Shelbyville, Indiana, a minimum annual income of
$36,360 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Shelbyville?
The cost of living in Shelbyville, IN is quite reasonable. According to Best Places, the cost of living index for the area is 85.4 which is lower than the national average of 100. This means that things such as groceries, housing and transportation tend to be more affordable than in many other parts of the country. Additionally, the median home price is just over $100,000 making it an attractive option for those looking to move into a new home without breaking the bank.