Housing costs in Somerset?
A typical home costs
$121,600, which is 64.0% less expensive than the national average of
$338,100 and 45.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Somerset 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 Somerset?
To live comfortably in Somerset, Indiana, a minimum annual income of
$23,400 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Somerset?
The cost of living in Somerset, IN is quite reasonable compared to other areas of the country. The average home price is around $122,000 which makes it affordable for many families looking to buy a home. The unemployment rate is also below the national average at 4%. Transportation costs are also quite low with no public transport available and gas prices often being lower than the national average. Additionally, food costs are low with local grocery stores offering competitive prices. All in all, Somerset is a great place to live if you’re looking for an affordable lifestyle without sacrificing quality of life.