Housing costs in Flat Rock?
A typical home costs
$203,700, which is 39.8% less expensive than the national average of
$338,100 and 8.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Flat Rock costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 3.2% cheaper than the state average of
$980.
Can I afford Flat Rock?
To live comfortably in Flat Rock (zip 47234), Indiana, a minimum annual income of
$38,880 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Flat Rock?
The cost of living in 47234 Flat Rock, IN is relatively low compared to other areas. According to the US Census Bureau, the median household income in this area is $47,610 and the estimated median house or condo value is $133,400. The cost of housing in this area is 20% lower than the national average. Additionally, groceries are about 10% lower than the national average and goods and services are 9% lower than the national average. All of these factors contribute to a low cost of living for residents of 47234 Flat Rock, IN.