Housing costs in Spencerville?
A typical home costs
$376,100, which is 11.2% more expensive than the national average of
$338,100 and 69.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Spencerville costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Spencerville?
To live comfortably in Spencerville (zip 46788), Indiana, a minimum annual income of
$72,000 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Spencerville?
The cost of living in 46788 Spencerville, IN is relatively low compared with other parts of the country. The median home value in this area is just under $100,000 and the median income is around $44,000. Renters can find apartments for as little as $500 a month, making it easy to live comfortably on a budget. Taxes are also relatively low here, making it easier to keep costs down even further. All in all, 46788 Spencerville, IN offers an affordable way to live without sacrificing quality of life.