Housing costs in New Harmony?
A typical home costs
$191,900, which is 43.2% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Harmony costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 3.0% more than the state average of
$980.
Can I afford New Harmony?
To live comfortably in New Harmony (zip 47631), Indiana, a minimum annual income of
$36,720 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about New Harmony?
47631 New Harmony, IN is an affordable place to live with an overall cost of living index that is lower than the national average. The median home cost in 47631 is $84,400, which is significantly lower than the national median of $184,700. Other costs such as groceries, healthcare, and transportation are also quite reasonable compared to the U.S. averages. Furthermore, utilities in 47631 tend to be lower than in other parts of the country. For example, electricity costs an average of just 8 cents per kWh compared to 11 cents for the rest of the nation. In short, 47631 New Harmony offers excellent value when it comes to living expenses.