Housing costs in Indianapolis?
A typical home costs
$254,500, which is 24.7% less expensive than the national average of
$338,100 and 14.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,140 per month, which is 16.3% more than the national average of
$980 and 7.9% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46237), Indiana, a minimum annual income of
$48,600 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46237 Indianapolis, IN is relatively inexpensive. Compared to the national average, housing costs are 8% lower and overall living costs are 5% lower. This is great news for those looking to live in or around the area. Additionally, unemployment rates here are about 4% below the national average, making it an attractive place to find jobs and start a career. The median home value in 46237 Indianapolis, IN is $99,000 which makes it very affordable compared to other cities in Indiana and across the United States. Furthermore, transportation costs are also quite low as public transportation options are plentiful and most areas of the city can be easily accessed by car. All things considered, living in 46237 Indianapolis, IN can be both comfortable and affordable for many people looking for a hometown feel with convenient access to amenities.