Housing costs in Indianapolis?
A typical home costs
$203,300, which is 39.9% less expensive than the national average of
$338,100 and 8.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$880 per month, which is 10.2% cheaper than the national average of
$980 and 19.3% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46235), Indiana, a minimum annual income of
$38,880 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46235 Indianapolis, IN is relatively low compared to other parts of the country. Rent prices are reasonable and groceries are affordable. The median home value for the area is right around $140,000, which is a great price for families looking to move into the area. Utilities are also quite reasonable, as energy costs remain well below the national average. In addition, taxes on wages and goods are lower than most nearby areas. All of these factors make 46235 Indianapolis, IN an attractive place to live for those who wish to maintain a frugal lifestyle.