Housing costs in Elberfeld?
A typical home costs
$222,700, which is 34.1% less expensive than the national average of
$338,100 and 0.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elberfeld costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 10.9% more than the state average of
$980.
Can I afford Elberfeld?
To live comfortably in Elberfeld, Indiana, a minimum annual income of
$42,840 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Elberfeld?
Elberfeld, IN is an affordable place to live with a relatively low cost of living. The cost of housing is very reasonable compared to other cities in Indiana and the national average. According to BestPlaces, the median home price in Elberfeld is $94,200 with an appreciation rate of 4.3%. Utilities are also fairly inexpensive with an average monthly cost of about $130. Additionally, groceries are reasonably priced and transportation costs are kept low by the local public transit system. Overall, Elberfeld provides a great value for those looking for a comfortable lifestyle at an affordable price.