Housing costs in Alamo?
A typical home costs
$71,900, which is 78.7% less expensive than the national average of
$338,100 and 67.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Alamo costs
$740 per month, which is 24.5% cheaper than the national average of
$980 and 14.9% cheaper than the state average of
$850.
Can I afford Alamo?
To live comfortably in Alamo (zip 47916), Indiana, a minimum annual income of
$13,680 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Alamo?
The cost of living in 47916 Alamo, IN is relatively low compared to many other parts of the United States. The median home price in 47916 is approximately $90,000 which is much lower than the national average of around $226,000. Additionally, the median household income for people living in 47916 Alamo is significantly below the national average at just over $39,000. While this income may seem small compared to some cities, it allows for a comfortable standard of living due to the low cost of goods and services. In addition to these lower prices, there are also various tax exemptions that help make Alamo an even more affordable place to live.