Housing costs in Kokomo?
A typical home costs
$137,100, which is 59.4% less expensive than the national average of
$338,100 and 38.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Kokomo 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 Kokomo?
To live comfortably in Kokomo, Indiana, a minimum annual income of
$26,280 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Kokomo?
Kokomo, IN is a great place to live with its house median value of $137,100, which is significantly lower than the US average of $338,100. This city also offers an affordable cost of living at 75.1, which is 25 points below the US average. This gives Kokomo residents more bang for their buck as they can purchase better quality items for less or enjoy recreational activities that may be otherwise too costly in other areas of the country. All in all, Kokomo's low cost of living makes it a desirable place to live and raise a family.