Housing costs in Monon?
A typical home costs
$142,700, which is 57.8% less expensive than the national average of
$338,100 and 35.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Monon costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$980.
Can I afford Monon?
To live comfortably in Monon, Indiana, a minimum annual income of
$27,360 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Monon?
Living in Monon, IN is relatively affordable. The median home price in the town is approximately $75,000 with median rent at around $600 per month. Additionally, the cost of living index is about 13.5% lower than the national average. This means that groceries, utilities and transportation costs are all generally cheaper than most other places in the country. Overall, Monon presents an excellent value for anyone looking for a comfortable place to settle down without spending too much money on housing and day-to-day expenses.