Housing costs in Indianapolis?
A typical home costs
$347,400, which is 2.8% more expensive than the national average of
$338,100 and 56.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,370 per month, which is 39.8% more than the national average of
$980 and 23.4% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46202), Indiana, a minimum annual income of
$66,600 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46202 Indianapolis, IN is relatively affordable compared to other cities. In terms of housing costs, the median home value in the area is $139,700, which is around 5% lower than the national average. The median rent for a one-bedroom apartment is $892 per month and utilities typically cost around $149 per month. The cost of food and groceries are also quite reasonable with meals costing an average of about $11. Transportation costs are also quite low here, as the bus fare averages around $1.75 per trip. Overall, 46202 Indianapolis offers a great quality of life at an affordable price.