Zip 47117 (Elizabeth, IN) Cost of Living


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How much do I need to live in Elizabeth, Indiana?
$3,180 / month
for a family, 41.1% less expensive than the national average A total of $38,160 for the year for a family.
$2,733 / month
for a single person, 42.7% less expensive than the national average A total of $32,800 for the year for a single person.

Elizabeth cost of living score
85.7
Less expensive
14.3% lower
than the US average
2.4% higher
than the Indiana average
Elizabeth (zip 47117), 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 47117 (Elizabeth, IN)

Housing costs in Elizabeth?
A typical home costs $198,500, which is 41.3% less expensive than the national average of $338,100 and 10.4% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Elizabeth costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and close to the state average of $980.

Can I afford Elizabeth?
To live comfortably in Elizabeth (zip 47117), Indiana, a minimum annual income of $38,160 for a family, and $32,800 for a single person is recommended.

What does A.I. say about Elizabeth?
Living in 47117 Elizabeth, IN provides a cost of living that is quite affordable. The median home price is around $143,000 with average rental prices being around $800 per month. Additionally, the estimated monthly costs for utilities and groceries can range from $350-$450. These prices make it an ideal place to live for those on a budget or those looking for an affordable place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesElizabethIndianaUnited States
    Unlock83.7100.0
  96.4  Unlock100.0
    Unlock94.4100.0
  58.0  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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