Housing costs in Elberfeld?
A typical home costs
$209,500, which is 38.0% less expensive than the national average of
$338,100 and 5.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elberfeld costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Elberfeld?
To live comfortably in Elberfeld (zip 47613), Indiana, a minimum annual income of
$40,320 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Elberfeld?
The cost of living in 47613 Elberfeld, IN is quite affordable compared to other parts of the country. The housing market is especially attractive with median home values around $95,000. This is far less expensive than many other regions. Other living costs such as groceries, transportation, and utilities are also relatively low making it a great place to live for those on a budget. In addition, the area also offers plenty of employment opportunities, allowing residents to make enough money to cover all their expenses. All things considered, 47613 Elberfeld is a great place to call home.