Housing costs in Indianapolis?
A typical home costs
$313,600, which is 7.2% less expensive than the national average of
$338,100 and 41.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and 23.4% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46240), Indiana, a minimum annual income of
$60,120 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46240 Indianapolis, IN is relatively affordable compared to other cities in the United States. The median home value in this zip code is approximately $80,000, and rents are estimated to be around $878 per month. Other standard costs like groceries, transportation, and utilities are below average when compared to other major cities across the country. Overall, this zip code offers a good balance between quality of life and affordability for those looking for a place to live.