Housing costs in Michigantown?
A typical home costs
$188,200, which is 44.3% less expensive than the national average of
$338,100 and 15.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Michigantown costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford Michigantown?
To live comfortably in Michigantown (zip 46057), Indiana, a minimum annual income of
$36,000 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Michigantown?
The cost of living in 46057 Michigantown, IN is quite reasonable. The median home value in the area is $81,800, which is lower than the Indiana state average of $132,000. Additionally, the cost of goods and services is 7% lower than the US average and 9% lower than the Indiana average. Housing costs are also slightly lower than the national average, with rent for a one-bedroom apartment costing an average of $541 per month. Finally, utilities such as electricity are below both national and state averages. All these factors combine to make Michigantown an affordable place to live.