Housing costs in Indianapolis?
A typical home costs
$199,100, which is 41.1% less expensive than the national average of
$338,100 and 10.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46229), Indiana, a minimum annual income of
$38,160 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46229 Indianapolis, IN is quite reasonable. Groceries and other necessities are fairly priced, but the prices can be higher than other parts of the country. Housing costs can be high for some areas, with rent for a one-bedroom apartment averaging around $860 and two bedrooms averaging around $1,040. Utilities tend to be relatively cheap compared to other areas of the country, and the overall cost of living is considered very affordable by many residents.