Housing costs in Lake Village?
A typical home costs
$238,600, which is 29.4% less expensive than the national average of
$338,100 and 7.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lake Village costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Lake Village?
To live comfortably in Lake Village, Indiana, a minimum annual income of
$45,720 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Lake Village?
The cost of living in Lake Village, IN is relatively affordable compared to other areas in the region. The median home price is $148,200 which is far lower than the national average and many of its neighboring cities. Additionally, Lake Village's cost of living index sits at a comfortable 85.7—significantly lower than the US average of 100. This means that goods and services are cheaper in this city than most other parts of the country. Furthermore, residents enjoy low taxes, with no local income tax and property taxes among the lowest in the state. All these factors combine to make Lake Village an attractive place to live for those looking for a high quality of life without breaking their budget.