Housing costs in Roanoke?
A typical home costs
$294,400, which is 12.9% less expensive than the national average of
$338,100 and 32.9% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Roanoke 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 Roanoke?
To live comfortably in Roanoke, Indiana, a minimum annual income of
$56,520 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Roanoke?
The cost of living in Roanoke, IN is relatively affordable compared to the national average. According to Best Places, the overall cost of living index is 85, which is 15 points below the US average. Housing prices are especially reasonable with a median home value of $102,400. Utilities and healthcare costs are also lower than most places, with residents paying an average of 12% less for both. Groceries can be a bit more expensive with costs running 1% higher than the rest of the country, but overall Roanoke remains a great place to live for those on a budget.