Housing costs in Indianapolis?
A typical home costs
$258,800, which is 23.5% less expensive than the national average of
$338,100 and 16.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,270 per month, which is 29.6% more than the national average of
$980 and 17.3% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46234), Indiana, a minimum annual income of
$49,680 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in Indianapolis, IN (zip code 46234) is relatively affordable compared to other cities. The median home price in the area is approximately $121,000, which is significantly lower than the national median home price of $216,200. In addition, food costs are also low with a gallon of milk costing an average of $1.22 and a dozen eggs costing $1.41. Furthermore, gas prices in the area tend to be lower than the national average as well. Overall, 46234 Indianapolis provides its residents with an excellent quality of life at a very reasonable cost.