Zip 47110 (Central, IN) Cost of Living


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How much do I need to live in Central, Indiana?
$2,520 / month
for a family, 53.3% less expensive than the national average A total of $30,240 for the year for a family.
$2,500 / month
for a single person, 47.6% less expensive than the national average A total of $30,000 for the year for a single person.

Central cost of living score
85.7
Less expensive
14.3% lower
than the US average
2.4% higher
than the Indiana average
Central (zip 47110), Indiana gets a BestPlaces Cost of Living score of 85.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.3% lower than the U.S. average and 2.4% lower than the average for Indiana.

Zip 47110 (Central, IN)

Housing costs in Central?
A typical home costs $157,500, which is 53.4% less expensive than the national average of $338,100 and 28.9% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Central costs $900 per month, which is 37.1% cheaper than the national average of $1,430 and 8.9% cheaper than the state average of $980.

Can I afford Central?
To live comfortably in Central (zip 47110), Indiana, a minimum annual income of $30,240 for a family, and $30,000 for a single person is recommended.

What does A.I. say about Central?
Central, IN 47110 has a cost of living that is slightly higher than the national average. The median home cost in Central is approximately $180,000 and the median rent is around $900 per month. Groceries, healthcare and transportation costs are all within the average range for most cities in the United States. Overall, Central is a moderately priced city that offers its residents an affordable way of living.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCentralIndianaUnited States
    Unlock83.7100.0
  95.8  Unlock100.0
    Unlock94.4100.0
  39.5  Unlock100.0
    Unlock$221,600$338,100
  96.1  Unlock100.0
    Unlock85.4100.0
  80.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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