Housing costs in Shipshewana?
A typical home costs
$346,500, which is 2.5% more expensive than the national average of
$338,100 and 56.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Shipshewana costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Shipshewana?
To live comfortably in Shipshewana, Indiana, a minimum annual income of
$66,240 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Shipshewana?
The cost of living in Shipshewana, IN is quite affordable compared to the national average. According to BestPlaces, the overall cost of living index in Shipshewana is 73.6 (lower than the US average of 100). This includes factors like housing costs, utility costs, food costs and more. All these expenses are significantly lower than the national averages. Additionally, there are no state income taxes in Indiana which further reduces the amount of money that residents must pay out-of-pocket for their living expenses. This makes it an attractive option for those looking for a high quality of life without breaking the bank.