Housing costs in Indianapolis?
A typical home costs
$156,200, which is 53.8% less expensive than the national average of
$338,100 and 29.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$970 per month, which is 1.0% cheaper than the national average of
$980 and 8.2% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46225), Indiana, a minimum annual income of
$29,880 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46225 Indianapolis, IN is very reasonable compared to the national average. As of 2020, the median home price is $142,600 with a median monthly rent of $849. According to BestPlaces’s Cost of Living Index, the cost of living index in 46225 Indianapolis, IN is 79.2% relative to the national average. This means that basic goods and services such as groceries and transportation cost less than they would in other cities. Furthermore, utilities also tend to be cheaper. All in all, 46225 Indianapolis provides residents with an affordable place to live without sacrificing quality lifestyle choices and amenities.