Housing costs in Anderson?
A typical home costs
$160,300, which is 52.6% less expensive than the national average of
$338,100 and 27.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Anderson costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$980.
Can I afford Anderson?
To live comfortably in Anderson (zip 46017), Indiana, a minimum annual income of
$30,600 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Anderson?
The cost of living in 46017 Anderson, IN is relatively low compared to many other cities. The median house price is around $117,000 which is quite reasonable and the overall cost of groceries and other necessities are also lower than some areas of the country. Additionally, people who live in this area benefit from a number of tax breaks such as no state income tax and property taxes that are much lower than the national average. All in all, Anderson is an affordable place to live due to its low cost of living.