Housing costs in Indianapolis?
A typical home costs
$204,200, which is 39.6% less expensive than the national average of
$338,100 and 7.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,010 per month, which is 3.1% more than the national average of
$980 and 4.0% cheaper than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46254), Indiana, a minimum annual income of
$39,240 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46254 Indianapolis, IN is relatively low compared to other areas in the United States. According to BestPlaces, the overall cost of living index is lower than that of the national average. Rent for a one-bedroom apartment averages around $716 per month, while a three-bedroom averages around $1,074 per month. Groceries are also relatively affordable at an overall grocery index of 89.2% compared to the national average. Utilities such as electricity and water are also quite inexpensive with an overall index of 81.9%. All in all, living in Indianapolis is very affordable when compared to other parts of the country.