Housing costs in Indianapolis?
A typical home costs
$145,100, which is 57.1% less expensive than the national average of
$338,100 and 34.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,010 per month, which is 3.1% more than the national average of
$980 and 4.0% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46201), Indiana, a minimum annual income of
$27,720 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46201 Indianapolis, IN is relatively low compared to many other cities. The median home price in the zip code is $103,000, which is far below the national average. Rent also remains affordable with an average of $680 per month for a two-bedroom apartment. Groceries tend to be cheaper than the national average as well. Other living costs such as utilities are slightly above the national average, though still quite affordable. All in all, 46201 Indianapolis, IN offers a low cost of living that makes it ideal for those looking for a budget-friendly place to call home.