Housing costs in Elwood?
A typical home costs
$121,500, which is 64.1% less expensive than the national average of
$338,100 and 45.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elwood costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford Elwood?
To live comfortably in Elwood (zip 46036), Indiana, a minimum annual income of
$23,400 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Elwood?
The cost of living in Elwood, Indiana is quite reasonable and economical. According to the most recent Cost of Living Index, Elwood has an index of 87.8, which is lower than the national average. The median household income in Elwood is $54,531 and the median rent for a one-bedroom apartment is $632. Groceries, utilities, and transportation are also relatively inexpensive compared to other cities in Indiana. All in all, Elwood offers a great balance between having access to amenities while keeping costs low.