Housing costs in Indianapolis?
A typical home costs
$306,900, which is 9.2% less expensive than the national average of
$338,100 and 38.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,200 per month, which is 22.4% more than the national average of
$980 and 12.5% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46220), Indiana, a minimum annual income of
$58,680 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46220 Indianapolis, IN is generally quite reasonable. The median home cost in the area is $118,300, with rent for a one bedroom apartment hovering around $800 per month. Groceries and healthcare are also relatively inexpensive compared to the national average. Utility costs are also on the lower end, making it easier to manage household expenses. In general, 46220 Indianapolis is an affordable place to live, particularly when compared to other major cities in the United States.