Housing costs in Colburn?
A typical home costs
$254,800, which is 24.6% less expensive than the national average of
$338,100 and 15.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Colburn costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 8.4% more than the state average of
$980.
Can I afford Colburn?
To live comfortably in Colburn, Indiana, a minimum annual income of
$48,960 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Colburn?
The cost of living in Colburn, IN is relatively low compared to other areas in the United States. The median home value is around $87,000 which is significantly lower than the national average of $184,700. In addition, the median household income for Colburn is about $41,309 which again is much lower than the national median income of $55,322. With such affordable housing and living costs, it makes it easy to see why many people choose to move to this small town located in Indiana.