Housing costs in Indianapolis?
A typical home costs
$248,200, which is 26.6% less expensive than the national average of
$338,100 and 12.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,050 per month, which is 7.1% more than the national average of
$980 and close to the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46205), Indiana, a minimum annual income of
$47,520 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46205 Indianapolis, IN is considered to be fairly affordable. The overall cost of living index for the area is 91.4, which is lower than the U.S. average of 100. Housing costs in particular are quite low, with median home prices standing at just $118,400 and monthly rent averaging about $850. Food and grocery costs tend to be slightly higher than the national average, but transportation and healthcare costs are both below the national average as well. All told, 46205 Indianapolis provides a high quality of life at an affordable price point that appeals to many people looking for a place to call home.