Housing costs in Spiceland?
A typical home costs
$159,800, which is 52.7% less expensive than the national average of
$338,100 and 27.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Spiceland costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$980.
Can I afford Spiceland?
To live comfortably in Spiceland, Indiana, a minimum annual income of
$30,600 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Spiceland?
The cost of living in Spiceland, IN is quite reasonable. The overall cost of living index is 16.8%, which is much lower than the national average. This makes it an attractive place to live for those looking for an affordable lifestyle. Housing prices are quite low compared to other parts of the state, with median home prices around $90,000. The median household income is also relatively low compared to other areas, at just over $49,000 per year. All in all, Spiceland offers a great quality of life at a reasonable price tag.