Housing costs in Medora?
A typical home costs
$140,200, which is 58.5% less expensive than the national average of
$338,100 and 36.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Medora costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Medora?
To live comfortably in Medora (zip 47260), Indiana, a minimum annual income of
$27,000 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Medora?
The cost of living in 47260 Medora, IN is relatively low compared to the national average. According to BestPlaces, the cost of living index for Medora is 73.02, which is 27% lower than the US national average of 100. This means that basic goods and services are much less expensive in this area. In terms of monthly expenses, a person's rent would be about $491 on average while utilities and groceries would be around $150 and $400 respectively. The overall cost of living in 47260 Medora, IN is quite affordable with plenty of opportunities for saving money.