Housing costs in Michigantown?
A typical home costs
$174,500, which is 48.4% less expensive than the national average of
$338,100 and 21.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Michigantown 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 Michigantown?
To live comfortably in Michigantown, Indiana, a minimum annual income of
$33,480 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Michigantown?
The cost of living in Michigantown, IN is relatively low when compared to other areas in the United States. The median home price is $142,500, which is much lower than the national median of over $220,000. Rent prices remain affordable for both homes and apartments. Utilities are also very low with an average monthly electric bill around $78 dollars per month. Grocery stores offer good quality items at reasonable prices and there are many restaurants available for dining out at a variety of price points. In general, the cost of living in Michigantown, IN makes it a great place to live for people looking to save money while still enjoying all that the area has to offer.