Housing costs in Kokomo?
A typical home costs
$121,600, which is 64.0% less expensive than the national average of
$338,100 and 45.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Kokomo costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Kokomo?
To live comfortably in Kokomo (zip 46901), Indiana, a minimum annual income of
$23,400 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Kokomo?
The cost of living in Kokomo, IN (zip code 46901) is relatively low compared to other cities in Indiana, and the United States as a whole. According to BestPlaces.net, the overall cost of living index for Kokomo is 83.5, which is 17.5% lower than the national average of 100. This means that items such as housing, groceries and utilities are all significantly cheaper in Kokomo than the national average. In terms of housing costs, the median home price in Kokomo is currently $87,100 - much lower than the national median home price of $219,700. Renters can also expect to find very affordable housing options with median rent being around $733 per month - close to 20% lower than the US average. All these factors make Kokomo an attractive option for anyone looking for a more budget-friendly lifestyle without compromising on quality of life or amenities.