Housing costs in Ferdinand?
A typical home costs
$226,000, which is 33.2% less expensive than the national average of
$338,100 and 2.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Ferdinand costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Ferdinand?
To live comfortably in Ferdinand (zip 47532), Indiana, a minimum annual income of
$43,200 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Ferdinand?
The cost of living in 47532 Ferdinand, IN is moderate compared to other parts of the country. According to Best Places, the overall cost of living index for this area is 87.2, which is lower than the U.S. average of 100. Housing costs are especially low here with an index of 56 which is almost half of the national average. This makes it a great place to live for those looking for affordability without sacrificing quality of life. Additionally, groceries and health care are both slightly lower than the national average, while utilities and transportation costs are just slightly higher than average. In all, Ferdinand offers a very reasonable cost of living when compared to other cities across the country.