Housing costs in Hanover?
A typical home costs
$175,600, which is 48.1% less expensive than the national average of
$338,100 and 20.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Hanover costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$980.
Can I afford Hanover?
To live comfortably in Hanover (zip 47243), Indiana, a minimum annual income of
$33,480 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in 47243 Hanover, IN is lower than the national average. According to BestPlaces, the overall cost of living index for this area is 79, which is 21 points lower than the United States average. This makes it a great place for anyone looking to save money on housing, groceries, utilities, and other expenses. Additionally, the median home value for the area is $65,000 compared to an average of over $200,000 nationwide. With its affordable housing prices and low cost of living index, 47243 Hanover provides a great opportunity for people who want a comfortable lifestyle without breaking the bank.