Housing costs in Edinburgh?
A typical home costs
$190,100, which is 43.8% less expensive than the national average of
$338,100 and 14.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Edinburgh costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$980.
Can I afford Edinburgh?
To live comfortably in Edinburgh, Indiana, a minimum annual income of
$36,360 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Edinburgh?
Edinburgh, IN is a great place to live due to its affordable cost of living. According to BestPlaces's cost of living indices, the overall cost of living in Edinburgh is about 14% lower than the national average. Specifically, the median monthly rent for a one-bedroom apartment is about $400 USD while groceries are 11% lower than the US average. Additionally, other costs such as transportation and restaurant meals are significantly cheaper compared to other cities in Indiana. This makes Edinburgh an attractive place to live for those looking for affordability.