Housing costs in Indianapolis?
A typical home costs
$244,400, which is 27.7% less expensive than the national average of
$338,100 and 10.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,170 per month, which is 19.4% more than the national average of
$980 and 10.3% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46228), Indiana, a minimum annual income of
$46,800 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46228 Indianapolis, IN is relatively low compared to other areas within the US. According to BestPlaces, the city has a cost of living index of 78, which is 22 points lower than the average in the US. In particular, groceries and transportation are especially affordable in this area. Housing costs are slightly higher than average but still very comparable. This makes it an ideal location for those looking for an affordable place to live.