Housing costs in Fairmount?
A typical home costs
$126,100, which is 62.7% less expensive than the national average of
$338,100 and 43.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fairmount 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 Fairmount?
To live comfortably in Fairmount, Indiana, a minimum annual income of
$24,120 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Fairmount?
The cost of living in Fairmount, IN is quite reasonable. According to BestPlaces, the cost of living index for Fairmount is 84.7, which is 8.3% lower than the US average of 92.6. The rent price for a one-bedroom apartment in the city center averages at about $448 per month, which is 31.2% lower than the national average of $652 per month. Basic commodities such as food and transportation are also relatively inexpensive compared to other parts of the country, making it a great place to live for those looking for an affordable option.