Housing costs in Somerville?
A typical home costs
$101,700, which is 69.9% less expensive than the national average of
$338,100 and 54.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Somerville costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% more than the state average of
$980.
Can I afford Somerville?
To live comfortably in Somerville, Indiana, a minimum annual income of
$19,440 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Somerville?
The cost of living in Somerville, IN is quite affordable compared to many other areas of the country. Housing prices are some of the lowest in Indiana, with median home values being around $90,000. The cost of groceries and utilities is also lower than average for Indiana, making it a great option for those looking to stretch their budget. Sales tax rates are also relatively low at just 6%, allowing residents to save even more on everyday purchases. All in all, Somerville is an attractive and budget-friendly place to live.