Housing costs in Otwell?
A typical home costs
$170,700, which is 49.5% less expensive than the national average of
$338,100 and 23.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Otwell costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Otwell?
To live comfortably in Otwell, Indiana, a minimum annual income of
$32,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Otwell?
Otwell, IN is a great place to live due to its low cost of living. Compared to the national average, the cost of living in Otwell is 10% lower. This means that all of the daily necessities like food, clothing, utilities and housing are significantly cheaper than other parts of the country – making it a great place for families on a budget. Additionally, property taxes in Otwell are among the lowest in Indiana and incomes tend to be higher than the state average as well. All in all, Otwell is an affordable city with plenty of opportunities to save money.