Housing costs in Morgantown?
A typical home costs
$275,800, which is 18.4% less expensive than the national average of
$338,100 and 24.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Morgantown costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$980.
Can I afford Morgantown?
To live comfortably in Morgantown (zip 46160), Indiana, a minimum annual income of
$52,920 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Morgantown?
The cost of living in 46160 Morgantown, IN is quite affordable. The overall cost of living index for the area is 84.2, which is 15.8 points lower than the national average of 100. Housing costs are particularly low, with an index of just 73.3 compared to the national average of 100. Prices for necessities such as food and transportation are also relatively low, with indices of 94 and 95 respectively. All in all, 46160 Morgantown provides residents with a very affordable cost of living that can make day-to-day expenses much more manageable.