Housing costs in Martinsville?
A typical home costs
$251,900, which is 25.5% less expensive than the national average of
$338,100 and 13.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Martinsville costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Martinsville?
To live comfortably in Martinsville, Indiana, a minimum annual income of
$48,240 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Martinsville?
Martinsville, IN is an affordable place to live compared to the national average. The cost of living in this small city is 14% lower than the national average. The housing costs are particularly appealing, with the median home value sitting at around $87,000 and monthly rental rates averaging just under $700. Groceries, utilities, and health care services all tend to be cheaper than most areas in the US as well. Additionally, the overall tax burden in Martinsville is much lower than many other cities and states. All of these factors make it a great place to settle down without breaking the bank.