Housing costs in Mount Summit?
A typical home costs
$144,700, which is 57.2% less expensive than the national average of
$338,100 and 34.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mount Summit costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$980.
Can I afford Mount Summit?
To live comfortably in Mount Summit, Indiana, a minimum annual income of
$27,720 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Mount Summit?
The cost of living in Mount Summit, IN is generally quite affordable. According to the most recent data, the median home value in the area is just over $67,000 and the median rent is around $513 per month. Additionally, groceries and other consumer goods are inexpensive when compared to other parts of the country. With its low cost of living, Mount Summit provides a great opportunity for individuals and families looking for an affordable place to call home.