Housing costs in New Goshen?
A typical home costs
$151,100, which is 55.3% less expensive than the national average of
$338,100 and 31.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Goshen costs
$840 per month, which is 14.3% cheaper than the national average of
$980 and 2.4% cheaper than the state average of
$860.
Can I afford New Goshen?
To live comfortably in New Goshen (zip 47863), Indiana, a minimum annual income of
$28,800 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New Goshen?
The cost of living in 47863 New Goshen, IN is relatively low compared to other parts of the country. According to recent data from BestPlaces.net, the cost of living index for this zip code is 81.7, which is 19.3 points lower than the US average of 100. Housing costs are well below the national average, with a median home price just under $91,000 and a median rent of $717. The area also features a relatively low overall tax rate and low utility costs. With its affordability, New Goshen is an attractive option for many families looking to make their home in Indiana.