Housing costs in Indianapolis?
A typical home costs
$161,900, which is 52.1% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$980 per month, which is 0.0% cheaper than the national average of
$980 and 7.1% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46203), Indiana, a minimum annual income of
$30,960 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46203 Indianapolis, IN is relatively affordable compared to other cities. The estimated cost of living index for the area is 86.2, which is 14.8 points lower than the national average. Rent prices in the area are quite reasonable, with the median rent for a one-bedroom apartment being around $723 per month and two-bedrooms around $912 per month. Groceries also tend to be reasonably priced, with an average grocery bill of about $400 per month. Utilities are also relatively inexpensive with an average monthly cost of around $148 for electricity and $81 for gas and water. Overall, 46203 Indianapolis is a great place to call home due to its affordability.