Housing costs in Lapel?
A typical home costs
$191,800, which is 43.3% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lapel costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Lapel?
To live comfortably in Lapel, Indiana, a minimum annual income of
$36,720 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lapel?
The cost of living in Lapel, IN is generally quite low compared to other parts of the country. Even with the recent population growth, housing prices remain low with many people choosing to rent rather than buy. Groceries and other everyday items are also fairly inexpensive and there are a variety of restaurants and cafes around town offering great food at an affordable price. Along with the low cost of living comes plenty of outdoor activities like fishing and camping as well as multiple state parks for hiking and exploring nature within a short drive away. In short, Lapel offers a great quality of life at an affordable price.