Housing costs in Cedar Lake?
A typical home costs
$289,400, which is 14.4% less expensive than the national average of
$338,100 and 30.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Cedar Lake costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Cedar Lake?
To live comfortably in Cedar Lake, Indiana, a minimum annual income of
$55,440 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Cedar Lake?
Cedar Lake, IN offers a relatively low cost of living compared to other areas in the US. Housing costs are especially low, with the median home value being just over $150,000, according to Zillow. Groceries and transportation are also inexpensive, with prices comparable to those of neighboring towns. Utilities are also reasonably priced and there is no state income tax in Indiana. All these factors make Cedar Lake an affordable place to live for people on a budget.