Housing costs in Newtown?
A typical home costs
$99,400, which is 70.6% less expensive than the national average of
$338,100 and 55.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Newtown costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 34.2% cheaper than the state average of
$980.
Can I afford Newtown?
To live comfortably in Newtown, Indiana, a minimum annual income of
$19,080 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Newtown?
Newtown, Indiana is a relatively affordable city to live in. The cost of living index for Newtown is 79.6 which is lower than national average of 100. This means that a family can expect to pay around 20% less for groceries, utilities, housing and goods and services than the rest of the nation. The median home price in Newtown is $92,000 which is very affordable, making it possible for those on fixed incomes or low salaries to purchase a home. Additionally, most rental properties are also quite reasonable with monthly costs ranging from $600-$900 depending on location. Overall, residents of Newtown enjoy a great quality of life without having to break the bank.