Housing costs in Fairbanks?
A typical home costs
$140,200, which is 58.5% less expensive than the national average of
$338,100 and 36.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fairbanks costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Fairbanks?
To live comfortably in Fairbanks (zip 47849), Indiana, a minimum annual income of
$27,000 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Fairbanks?
The cost of living in 47849 Fairbanks, IN is fairly low compared to many other parts of the country. The median home price is $95,300 and the median rent per month is $943, both significantly lower than the national averages. Additionally, the cost of basic necessities such as groceries, utilities, and transportation are all below the national averages. On top of this, you can find great deals on housing in Fairbanks due to its rural location. All of these factors make 47849 Fairbanks an ideal place for those looking for a low cost of living without compromising on quality of life.