Housing costs in Fairmount?
A typical home costs
$130,200, which is 61.5% less expensive than the national average of
$338,100 and 41.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fairmount costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$980.
Can I afford Fairmount?
To live comfortably in Fairmount (zip 46928), Indiana, a minimum annual income of
$24,840 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Fairmount?
The cost of living in 46928 Fairmount, IN is quite affordable. According to BestPlaces, the cost of living index in this area is about 70.2, which is below the national average of 100. Overall, basic groceries and amenities are significantly cheaper than other places in the United States. Housing prices are also quite reasonable compared to most cities, with an average rent for a 1-bedroom apartment being around $530 per month. Residents also benefit from low transportation costs due to its close proximity to major highways and airports. All in all, this makes 46928 Fairmount, IN an ideal place for those looking for a great quality of life at a more affordable price than other areas.