Housing costs in Portage?
A typical home costs
$229,800, which is 32.0% less expensive than the national average of
$338,100 and 3.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Portage costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Portage?
To live comfortably in Portage (zip 46368), Indiana, a minimum annual income of
$43,920 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Portage?
The cost of living in 46368 Portage, IN is relatively affordable. The median household income in the area is around $59,323, which is slightly lower than the US average of $57,652. Despite this lower income level, housing costs in the area are well below the national average. The median list price for a home is only $164,900 and the median rent price is just $976 per month. This makes Portage an ideal place to live for those looking for an affordable lifestyle without sacrificing quality of life. In addition, taxes are low with a state income tax rate of 3.23% and a sales tax rate of 7%. All in all, 46368 Portage offers a great balance of affordability and quality living.