Housing costs in Indianapolis?
A typical home costs
$247,200, which is 26.9% less expensive than the national average of
$338,100 and 11.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,220 per month, which is 24.5% more than the national average of
$980 and 13.9% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46217), Indiana, a minimum annual income of
$47,520 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46217 Indianapolis, IN is fairly reasonable compared to other parts of the country. The median home cost is around $118,300 according to Zillow, and the median rent is around $1,050 per month. Other costs such as groceries, transportation costs, and utilities are all fairly competitive with the national average. For those looking to move to this area, there are plenty of affordable options for housing that won't break the bank.