Housing costs in Indianapolis?
A typical home costs
$142,400, which is 57.9% less expensive than the national average of
$338,100 and 35.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$980 per month, which is 0.0% cheaper than the national average of
$980 and 7.1% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46241), Indiana, a minimum annual income of
$27,360 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Indianapolis?
Living in 46241 Indianapolis, IN can be quite affordable. According to BestPlaces, the cost of living index for this area is 84.88, which is 15.12% lower than the U.S. national average of 100. This means that basic expenses such as groceries, healthcare, and transportation are significantly cheaper than compared to other areas in the United States. For example, the average price for a meal at a mid-range restaurant is approximately $13 USD while the average rent for a one-bedroom apartment in 46241 Indianapolis is around $980 USD per month. In addition, utilities like electricity and water are relatively inexpensive with most bills costing no more than $100 USD each month on average.