Housing costs in Rensselaer?
A typical home costs
$185,100, which is 45.3% less expensive than the national average of
$338,100 and 16.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Rensselaer costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Rensselaer?
To live comfortably in Rensselaer, Indiana, a minimum annual income of
$35,640 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Rensselaer?
The cost of living in Rensselaer, IN is quite affordable. The median home value is just over $100,000, which is well below the national average of around $200,000. Rents are also affordable with a one-bedroom apartment averaging around $600 per month. Groceries and other everyday necessities are also relatively inexpensive in the area. The overall cost of living index for Rensselaer is lower than both the state and national averages, making it an ideal place for those looking to live comfortably while still staying within their budget.