Housing costs in Indianapolis?
A typical home costs
$360,400, which is 6.6% more expensive than the national average of
$338,100 and 62.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,240 per month, which is 26.5% more than the national average of
$980 and 15.3% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46278), Indiana, a minimum annual income of
$69,120 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46278 Indianapolis, IN is quite reasonable. Groceries, housing, and utilities are all on the lower end of the national average. A gallon of gas is around $2.10, and a monthly bus pass is only $30. The median home value in this area is $139,000 with the median household income being around $46,000. Renting an apartment in this area will typically cost around $800/month. Although due to the current market many landlords are offering discounts or incentives for new renters. With a moderate cost of living and plenty of amenities within walking distance or short drives away, 46278 Indianapolis, IN is an ideal place to call home.