Housing costs in Indianapolis?
A typical home costs
$194,400, which is 42.5% less expensive than the national average of
$338,100 and 12.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46224), Indiana, a minimum annual income of
$37,080 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46224 Indianapolis, IN is relatively affordable. The median home value is $124,200, and the median household income is slightly over $43,000. Utilities are also very affordable; gas and electric bills average around $90 per month combined. Groceries are reasonably priced too with a variety of options throughout the city. In terms of transportation, most residents rely on personal vehicles as public transit can be expensive and unreliable at times. Overall, 46224 Indianapolis offers an affordable cost of living that makes it an attractive place to live for both natives and newcomers alike.