Housing costs in Gary?
A typical home costs
$58,200, which is 82.8% less expensive than the national average of
$338,100 and 73.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Gary costs
$860 per month, which is 12.2% cheaper than the national average of
$980 and 62.8% cheaper than the state average of
$1,400.
Can I afford Gary?
To live comfortably in Gary (zip 46407), Indiana, a minimum annual income of
$11,160 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Gary?
The cost of living in 46407 Gary, IN is quite affordable compared to other cities in the United States. The median home value is around $51,100, while the median household income is $29,977. The average cost of utilities such as electricity and gas are significantly lower than the national average. Additionally, basic necessities such as groceries and health care can be found for much lower prices than what one might find in a larger city. Overall, living in Gary is more affordable than most other places in the country.