Housing costs in East Chicago?
A typical home costs
$116,200, which is 65.6% less expensive than the national average of
$338,100 and 47.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in East Chicago costs
$820 per month, which is 16.3% cheaper than the national average of
$980 and 70.7% cheaper than the state average of
$1,400.
Can I afford East Chicago?
To live comfortably in East Chicago (zip 46312), Indiana, a minimum annual income of
$22,320 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about East Chicago?
Living in 46312 East Chicago, IN is relatively affordable. The cost of housing is quite low compared to other areas of the country, with a median house or condo value of around $60,000. Cost of living overall is 9% below the national average and 12% below the Indiana state average. Groceries and transportation are also cheaper than average, making day-to-day living more manageable for families and individuals alike. Taxes are also very affordable in 46312 East Chicago, with an effective real estate tax rate of 0.82%. All in all, residents can enjoy their community without breaking the bank.