Housing costs in Indianapolis?
A typical home costs
$221,900, which is 34.4% less expensive than the national average of
$338,100 and 0.1% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis, Indiana, a minimum annual income of
$42,480 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Indianapolis?
Indianapolis, Indiana boasts a low cost of living along with plenty of exciting attractions and cultural experiences that can be enjoyed on any budget. Finding an affordable place to live won't be hard due to the abundance of housing options ranging from single-family homes to luxurious apartments. Additionally, groceries and transportation expenses are much more reasonable compared with other parts of the country - making Indianapolis a great option for anyone wanting value out of their dollar.