Housing costs in Mount Summit?
A typical home costs
$127,400, which is 62.3% less expensive than the national average of
$338,100 and 42.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mount Summit costs
$860 per month, which is 12.2% cheaper than the national average of
$980 and 3.5% more than the state average of
$830.
Can I afford Mount Summit?
To live comfortably in Mount Summit (zip 47361), Indiana, a minimum annual income of
$24,480 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Mount Summit?
The cost of living in 47361 Mount Summit, IN is slightly lower than the national average. The median household income is around $41,488, which is around $2,000 less than the national median. The housing costs are also relatively low compared to other areas of the country. The median home value in 47361 Mount Summit, IN is about $124,700 which is nearly 10% lower than the national median home value. Overall, this area offers a great balance between affordability and quality of life for those looking to move or relocate here.