Housing costs in Indianapolis?
A typical home costs
$198,200, which is 41.4% less expensive than the national average of
$338,100 and 10.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,060 per month, which is 8.2% more than the national average of
$980 and close to the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46221), Indiana, a minimum annual income of
$37,800 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46221 Indianapolis, IN is generally considered to be fairly reasonable. The median home price in the area is $134,000, which is lower than the national average. Renting a two-bedroom apartment typically ranges from $900-$1200 monthly. Utilities are slightly higher compared to other parts of the state. Overall, 46221 Indianapolis, IN has an affordable cost of living and is a great place to live for those looking to save money while still enjoying all the amenities that a major city has to offer.