Housing costs in Spring Grove?
A typical home costs
$144,300, which is 57.3% less expensive than the national average of
$338,100 and 34.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Spring Grove 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 Spring Grove?
To live comfortably in Spring Grove, Indiana, a minimum annual income of
$27,720 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Spring Grove?
The cost of living in Spring Grove, IN is relatively affordable compared to other nearby cities and towns. Although housing costs can be a bit higher than the national average, the overall cost of living is still lower than many other nearby areas. The median household income in the town of Spring Grove is $68,673, which is below the US median income of $75,078. The cost of goods such as groceries, healthcare services, and utilities are all below or close to the national average. Overall, with its low cost of living and ample job opportunities, Spring Grove is an excellent place to live for those looking for a more affordable lifestyle.