Housing costs in New Chicago?
A typical home costs
$132,700, which is 60.8% less expensive than the national average of
$338,100 and 40.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Chicago costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford New Chicago?
To live comfortably in New Chicago, Indiana, a minimum annual income of
$25,560 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about New Chicago?
The cost of living in New Chicago, IN is relatively low compared to other cities in the United States. Much of this can be attributed to the city's small size and its status as a suburb. Housing costs are some of the cheapest in the country, meaning you can easily find a comfortable place to live without breaking the bank. Groceries and other necessities are also quite affordable, with many stores offering discounts and sales throughout the year. Overall, New Chicago offers residents a great value for their money when it comes to supplies and amenities needed for day-to-day life.