Housing costs in Indianapolis?
A typical home costs
$325,000, which is 3.9% less expensive than the national average of
$338,100 and 46.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,460 per month, which is 49.0% more than the national average of
$980 and 28.1% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46259), Indiana, a minimum annual income of
$62,280 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46259 Indianapolis, IN is generally affordable for those looking to relocate. According to BestPlaces, the overall cost of living index in Indianapolis is a low 85.7 on a scale of 100, making it 7.3% lower than the national average. This means that basic necessities such as food and transportation are relatively affordable when compared to other areas of the country. Though certain aspects of life in 46259 Indianapolis, IN may be more expensive than they were decades ago, the overall cost of living remains accessible for many people looking to move to the area.