Housing costs in Indianapolis?
A typical home costs
$262,300, which is 22.4% less expensive than the national average of
$338,100 and 18.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,220 per month, which is 24.5% more than the national average of
$980 and 13.9% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46239), Indiana, a minimum annual income of
$50,400 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46239 Indianapolis, IN is relatively affordable. The median home value is $113,100, which is below the national median, and the median rent is $1,019 per month. Additionally, transportation costs are inexpensive due to the presence of an extensive public transportation system and low gas prices. Groceries are moderately priced while utilities and healthcare costs match that of the rest of the nation. Overall, 46239 Indianapolis, IN offers a cost-effective lifestyle that makes it a great place to live.