Housing costs in Lake Station?
A typical home costs
$126,600, which is 62.6% less expensive than the national average of
$338,100 and 42.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lake Station costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 3.0% more than the state average of
$980.
Can I afford Lake Station?
To live comfortably in Lake Station (zip 46405), Indiana, a minimum annual income of
$24,120 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lake Station?
The cost of living in 46405 Lake Station, IN is quite affordable. The average cost of a home here is $81,500, which is much lower than the national average. Additionally, the median household income is around $38,000 and the median rent price is $793. This makes it an ideal place to live for those on a budget or small salary. Additionally, transportation costs are manageable due to the area having numerous bus routes and two major highways nearby. In addition, groceries and other necessities are relatively inexpensive compared to other cities in the region. All of these factors make 46405 Lake Station an attractive destination for those looking for a low-cost place to call home.