Housing costs in New Market?
A typical home costs
$141,600, which is 58.1% less expensive than the national average of
$338,100 and 36.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Market costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford New Market?
To live comfortably in New Market, Indiana, a minimum annual income of
$27,000 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about New Market?
New Market, Indiana is known for its low cost of living. The median household income is approximately $54,000, much lower than the national median of $60,293. This makes life in New Market considerably more affordable than many other parts of the state. Housing prices are also typically lower in New Market than most of Indiana; the median home value is around $113,000, compared to $164,800 statewide. Property taxes are also relatively low at an average rate of 0.97%. All in all, the cost of living in New Market makes it an attractive option for those looking to stretch their money further and enjoy a high quality of life at a fraction of the cost.