Housing costs in Indianapolis?
A typical home costs
$283,000, which is 16.3% less expensive than the national average of
$338,100 and 27.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 31.5% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46280), Indiana, a minimum annual income of
$54,360 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46280 Indianapolis, IN is affordable compared to many other cities. According to Sperling's Best Places, the cost of living index for this zip code is 87.1 which is well below the national average. Groceries, healthcare, and transportation costs are all slightly lower than the national average. Rent prices in this area are also lower than what you would find in most urban areas, making it a great choice for people on a budget or those looking to save a bit of money. In addition, Indianapolis offers plenty of entertainment and cultural activities which can be enjoyed without breaking the bank.