Housing costs in Indianapolis?
A typical home costs
$282,700, which is 16.4% less expensive than the national average of
$338,100 and 27.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,240 per month, which is 26.5% more than the national average of
$980 and 15.3% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46250), Indiana, a minimum annual income of
$54,000 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46250 Indianapolis, IN is fairly reasonable. The median home price for the area is around $156,000, which is far below the national average. Groceries and other consumer goods are also surprisingly affordable in this area. In addition to being low-cost, Indianapolis offers a variety of entertainment and recreation options such as museums, parks, theatres, and cultural attractions. With its lower cost of living and abundance of activities for residents to enjoy, it's easy to see why 46250 Indianapolis has become an increasingly popular place to live.