Housing costs in Gary?
A typical home costs
$62,500, which is 81.5% less expensive than the national average of
$338,100 and 71.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Gary costs
$810 per month, which is 17.3% cheaper than the national average of
$980 and 72.8% cheaper than the state average of
$1,400.
Can I afford Gary?
To live comfortably in Gary (zip 46402), Indiana, a minimum annual income of
$11,880 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Gary?
The cost of living in 46402 Gary, IN is generally a bit lower than the national average. The median home value in this zip code is $62,400, which is significantly lower than the national median home value of $231,200. Additionally, the median household income in this area is approximately $36,042, which is also considerably lower than the US median household income of $61,937. Despite these figures being slightly lower than the national averages, 46402 Gary still offers a variety of amenities that make it an attractive place to live. The cost of groceries and other consumer goods are generally on par with the rest of Indiana and gas prices tend to be slightly below the state’s average. Overall, 46402 Gary provides an affordable cost of living that makes it an attractive option for those looking to settle down in Indiana.