Homecroft, IN Cost of Living


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How much do I need to live in Homecroft, Indiana?
$2,820 / month
for a family, 47.8% less expensive than the national average A total of $33,840 for the year for a family.
$2,833 / month
for a single person, 40.6% less expensive than the national average A total of $34,000 for the year for a single person.

Homecroft cost of living score
85.7
Less expensive
14.3% lower
than the US average
2.4% higher
than the Indiana average
Homecroft, Indiana gets a BestPlaces Cost of Living score of 85.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.3% lower than the U.S. average and 2.4% lower than the average for Indiana.

Homecroft, IN

Housing costs in Homecroft?
A typical home costs $176,600, which is 47.8% less expensive than the national average of $338,100 and 20.3% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Homecroft costs $1,010 per month, which is 29.4% cheaper than the national average of $1,430 and 3.0% more than the state average of $980.

Can I afford Homecroft?
To live comfortably in Homecroft, Indiana, a minimum annual income of $33,840 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Homecroft?
equestId:543373bd-ba27-4eba-b75e-539f917085c2,resource:content,data:[{id:txt_b23f020f67674d34ad0762a59732d9b1,text:\n \nThe cost of living in Homecroft, IN is quite reasonable. The median home value is around $161,000, which is slightly lower than the national median. Additionally, the median household income is around $67,000 per year which is slightly higher than the Indiana state average. In terms of taxes, there is a 9% sales tax rate and a 6% income tax rate for residents. All in all, Homecroft offers a moderate to low cost of living that allows people to comfortably afford basic necessities without breaking their budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHomecroftIndianaUnited States
    Unlock83.7100.0
  94.0  Unlock100.0
    Unlock94.4100.0
  74.6  Unlock100.0
    Unlock$221,600$338,100
  90.2  Unlock100.0
    Unlock85.4100.0
  102.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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