Housing costs in Elnora?
A typical home costs
$119,800, which is 64.6% less expensive than the national average of
$338,100 and 45.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elnora costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 14.0% cheaper than the state average of
$980.
Can I afford Elnora?
To live comfortably in Elnora (zip 47529), Indiana, a minimum annual income of
$23,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Elnora?
The cost of living in 47529 Elnora, IN is quite affordable. Residents can find a variety of housing options to fit any budget, with the average price per square foot being around $119. The overall cost of living index is lower than the national average, and groceries, utilities and transportation all hover just slightly above the national average as well. With its rural location, there are some rural amenities that could drive up costs such as gasoline and home maintenance supplies. However, overall costs remain in line with other rural areas in the region making it an ideal place for those looking for a more affordable lifestyle.