Housing costs in Indianapolis?
A typical home costs
$166,900, which is 50.6% less expensive than the national average of
$338,100 and 24.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$980 per month, which is 0.0% cheaper than the national average of
$980 and 7.1% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46208), Indiana, a minimum annual income of
$32,040 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46208 Indianapolis, IN is quite affordable. According to Best Places, the cost of living index is 91.4, which is lower than the national average of 100. Housing costs are below the national average, with an estimated median home value of $154,749 and a median rent price of $1,092 per month. Despite being one of the fastest growing cities in Indiana, Indianapolis remains relatively affordable for the area. Groceries are also fairly priced compared to other areas within the state. All in all, Indianapolis provides a comfortable lifestyle for families and individuals at a reasonable cost.