Housing costs in Martinsville?
A typical home costs
$251,800, which is 25.5% less expensive than the national average of
$338,100 and 13.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Martinsville costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Martinsville?
To live comfortably in Martinsville (zip 46151), Indiana, a minimum annual income of
$48,240 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Martinsville?
The cost of living in 46151 Martinsville, IN is quite affordable. According to Sperling's Best Places, the overall cost of living index for the area is 83.5, which is 15.5% lower than the national average. This means that basic necessities such as groceries, housing costs, transportation costs, utilities, and healthcare are all much more affordable than the national average. In addition, property taxes are relatively low as well. This makes it a great place to live for those looking for an area with a low cost of living but still close enough to larger cities such as Indianapolis for work or recreational opportunities.