Housing costs in Munster?
A typical home costs
$327,100, which is 3.3% less expensive than the national average of
$338,100 and 47.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Munster costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 17.6% more than the state average of
$980.
Can I afford Munster?
To live comfortably in Munster, Indiana, a minimum annual income of
$62,640 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Munster?
The cost of living in Munster, IN is relatively affordable. According to the Council for Community and Economic Research (C2ER), the cost of living index for the city was rated 81.6 in 2019, which is significantly lower than the national average of 100.0. This makes it a great place to live on a budget, as one can find housing, groceries, health care, and other goods and services at more reasonable prices than in some other areas. Additionally, Munster residents enjoy low taxes; property taxes here are among the lowest in Indiana. All these factors make Munster an attractive place to live for those looking to save money while still enjoying city amenities.