Housing costs in Fredericksburg?
A typical home costs
$188,600, which is 44.2% less expensive than the national average of
$338,100 and 14.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Fredericksburg costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford Fredericksburg?
To live comfortably in Fredericksburg (zip 47120), Indiana, a minimum annual income of
$36,000 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Fredericksburg?
The cost of living in 47120 Fredericksburg, IN is relatively low compared to the national average. The median household income is about $44,687, while the median home value is estimated at $82,100. Groceries and utilities are also quite affordable when compared to other parts of the state and country. On top of this, the unemployment rate in 47120 Fredericksburg sits at a comfortable 5%, making it easy for residents to find employment opportunities. All these factors make it an attractive option for people looking for a place to live that won't break their budget.