Housing costs in Fort Wayne?
A typical home costs
$161,000, which is 52.4% less expensive than the national average of
$338,100 and 27.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fort Wayne costs
$810 per month, which is 17.3% cheaper than the national average of
$980 and 12.3% cheaper than the state average of
$910.
Can I afford Fort Wayne?
To live comfortably in Fort Wayne (zip 46816), Indiana, a minimum annual income of
$30,960 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Fort Wayne?
Fort Wayne, IN is an affordable place to live with a cost of living index of 84.9, which is much lower than the national average of 100. The cost of living in Fort Wayne, IN is significantly lower than the nearby cities of Chicago and Indianapolis, making it an attractive option for those who are looking to save money. Groceries, housing, utilities, transportation costs all tend to be lower than nearby cities and across Indiana as a whole. Additionally, there are many job opportunities in Fort Wayne so residents can find affordable employment options to help cover their expenses. All in all, Fort Wayne provides a great balance between affordability and quality of life.