Housing costs in Fayette?
A typical home costs
$131,400, which is 61.1% less expensive than the national average of
$338,100 and 40.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fayette 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 Fayette?
To live comfortably in Fayette Indi County, Indiana, a minimum annual income of
$25,200 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Fayette?
Fayette, IN County has a cost of living that is 71.5, which is considerably lower than the US average of 100. This lower cost of living can be seen in the county's median house value of $131,400, which is much lower than the US average of $338,100. This means that in Fayette County it can be more affordable to buy or rent a home and to take care of basic costs like groceries and gas. Additionally, lower housing costs may make it easier for people to save money and build wealth over time.