Zip 47357 (Milton, IN) Cost of Living


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United States / Indiana / Richmond Metro Area / Wayne County / No City / Milton (zip 47357)
How much do I need to live in Milton, Indiana?
$2,640 / month
for a family, 51.1% less expensive than the national average A total of $31,680 for the year for a family.
$2,133 / month
for a single person, 55.3% less expensive than the national average A total of $25,600 for the year for a single person.

Milton cost of living score
70.6
Less expensive
29.4% lower
than the US average
15.7% lower
than the Indiana average
Milton (zip 47357), Indiana gets a BestPlaces Cost of Living score of 70.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.4% lower than the U.S. average and 15.7% higher than the average for Indiana.

Zip 47357 (Milton, IN)

Housing costs in Milton?
A typical home costs $165,700, which is 51.0% less expensive than the national average of $338,100 and 25.2% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Milton costs $840 per month, which is 41.3% cheaper than the national average of $1,430 and 16.7% cheaper than the state average of $980.

Can I afford Milton?
To live comfortably in Milton (zip 47357), Indiana, a minimum annual income of $31,680 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Milton?
47357 Milton, IN is a moderately priced area when it comes to the cost of living. The median home value in 47357 is $112,800 and the median rent is $814. Groceries, health care, transportation and utilities are all relatively inexpensive compared to national averages. Additionally, local taxes are lower than surrounding areas and residents enjoy a lower sales tax rate. All in all, 47357 Milton, IN offers an excellent quality of life at an affordable price point.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMiltonIndianaUnited States
    Unlock83.7100.0
  91.3  Unlock100.0
    Unlock94.4100.0
  44.4  Unlock100.0
    Unlock$221,600$338,100
  94.7  Unlock100.0
    Unlock85.4100.0
  73.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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