Housing costs in Winamac?
A typical home costs
$155,600, which is 54.0% less expensive than the national average of
$338,100 and 29.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Winamac costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Winamac?
To live comfortably in Winamac, Indiana, a minimum annual income of
$29,880 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Winamac?
The cost of living in Winamac, IN is relatively low, making it an affordable place to live. According to BestPlaces, the overall cost of living index in Winamac is 85 out of 100, which is 15% lower than the US average. This means that groceries, healthcare, and housing are all relatively cheaper than other places in the country. The median home value is $73,500 and the median rent is $736 per month. In addition, the unemployment rate in the city is a respectable 3.6%, making it a great option for those looking for employment opportunities. All in all, Winamac provides an affordable lifestyle with plentiful amenities and job opportunities for its residents.