Housing costs in Tri-Lakes?
A typical home costs
$276,200, which is 18.3% less expensive than the national average of
$338,100 and 24.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Tri-Lakes costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford Tri-Lakes?
To live comfortably in Tri-Lakes, Indiana, a minimum annual income of
$52,920 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Tri-Lakes?
The cost of living in Tri-Lakes is generally very affordable. The median home value in the area is $169,200 which is much lower than the national median of $229,700. Additionally, the local unemployment rate is just 4.6%, significantly lower than the US average of 6%. This combination of low housing costs and high employment rate make Tri-Lakes an attractive and affordable place to live. Groceries, transportation, utilities and healthcare are all reasonably priced, making it easy to balance a budget while still enjoying life in this small town.