Housing costs in Shoals?
A typical home costs
$133,100, which is 60.6% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Shoals costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$980.
Can I afford Shoals?
To live comfortably in Shoals, Indiana, a minimum annual income of
$25,560 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Shoals?
The cost of living in Shoals, IN is relatively low compared to many other places. Average rent for a one-bedroom apartment is around $500 per month, and groceries are generally inexpensive. Utilities such as gas and electricity tend to be slightly more costly than the national average, but overall are still quite affordable. The cost of dining out is also relatively reasonable, with restaurants in the area offering good food at reasonable prices. Overall, living in Shoals is an affordable option for residents looking for an affordable and comfortable lifestyle.