Housing costs in Indianapolis?
A typical home costs
$97,700, which is 71.1% less expensive than the national average of
$338,100 and 55.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$920 per month, which is 6.1% cheaper than the national average of
$980 and 14.1% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46218), Indiana, a minimum annual income of
$18,720 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46218 Indianapolis, IN is generally quite reasonable. The median household income is around $50,000, and housing costs are quite affordable with an estimated median home value of around $170,000. Groceries and other daily essentials are also relatively low-cost; however, transportation costs may be higher due to the city’s sprawling layout. Overall, 46218 Indianapolis, IN provides a relatively low cost of living that makes it an attractive option for people looking to live in an urban area.