Housing costs in Cedar Lake?
A typical home costs
$279,800, which is 17.2% less expensive than the national average of
$338,100 and 26.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Cedar Lake costs
$1,000 per month, which is 2.0% more than the national average of
$980 and 40.0% cheaper than the state average of
$1,400.
Can I afford Cedar Lake?
To live comfortably in Cedar Lake (zip 46303), Indiana, a minimum annual income of
$53,640 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Cedar Lake?
The cost of living in 46303 Cedar Lake, IN is relatively low compared to the national average. According to BestPlaces, the cost of living index in this area is 84.3, which is much lower than the U.S. average of 100. The median home price in this area is $235,400, which is higher than the national median of $231,200. Two-bedroom apartments in this area rent for an average of $835 per month, making them affordable for most people. Utilities are also quite affordable here; electricity and natural gas prices are below the state average and water prices remain competitive with other similar towns and cities nearby. Overall, 46303 Cedar Lake, IN offers an excellent quality of life at a low cost compared to other areas around the country.