Housing costs in Edinburgh?
A typical home costs
$182,100, which is 46.1% less expensive than the national average of
$338,100 and 17.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Edinburgh costs
$850 per month, which is 13.3% cheaper than the national average of
$980 and 23.5% cheaper than the state average of
$1,050.
Can I afford Edinburgh?
To live comfortably in Edinburgh (zip 46124), Indiana, a minimum annual income of
$34,920 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Edinburgh?
The cost of living in 46124 Edinburgh, IN is relatively low compared to other areas of the United States. The median household income sits at around $44,000 and the median home value is roughly $90,000. This makes 46124 a great choice for those looking for affordable housing while still enjoying a small-town atmosphere. Along with affordable housing, groceries and health care costs are also inexpensive in this area. Utilities such as electricity and cable are generally cheaper than the national averages as well. Due to the relatively low cost of living, 46124 Edinburgh, IN can be an ideal location for those looking to live a comfortable lifestyle without breaking the bank.