Housing costs in Montmorenci?
A typical home costs
$270,800, which is 19.9% less expensive than the national average of
$338,100 and 22.2% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Montmorenci costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 13.3% more than the state average of
$980.
Can I afford Montmorenci?
To live comfortably in Montmorenci, Indiana, a minimum annual income of
$51,840 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Montmorenci?
The cost of living in Montmorenci, IN is quite reasonable compared to other towns in the area. According to BestPlaces, the overall cost of living index is just over 90, which is lower than the national average. In terms of housing costs, rent averages around $600 for a two-bedroom apartment and home prices are around $80,000 on average. Groceries and health care costs are also somewhat lower than the national average. The cost of utilities can be slightly higher due to the abundance of wooded areas nearby that require additional heating costs during colder months. Overall, however, Montmorenci is an affordable place to live.