Housing costs in Indianapolis?
A typical home costs
$282,700, which is 16.4% less expensive than the national average of
$338,100 and 27.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 14.0% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46260), Indiana, a minimum annual income of
$54,000 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in Indianapolis, IN (46260) is quite affordable. The average rent for a one bedroom apartment in the area is around $720 per month, while a three bedroom apartment averages around $1200 per month. Groceries and other essentials are also reasonably priced due to the presence of several large grocery stores in the city. In addition, if you're looking to save even more money on food, there are a number of local farmers markets that offer fresh produce and other items at discounted rates. Additionally, utilities such as water, electricity, and gas tend to be lower than the national average. With all of this combined, it's easy to see why many people enjoy living in Indianapolis.