Housing costs in New Palestine?
A typical home costs
$324,800, which is 3.9% less expensive than the national average of
$338,100 and 46.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Palestine costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 3.2% cheaper than the state average of
$980.
Can I afford New Palestine?
To live comfortably in New Palestine (zip 46163), Indiana, a minimum annual income of
$62,280 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about New Palestine?
The cost of living in 46163 New Palestine, IN is very reasonable. According to bestplaces.net, the overall cost of living index in New Palestine is 84.3, which is lower than the national average of 100. This means that goods and services cost up to 16% less than the national average, making it a great value for those who want to live in this charming small town. Additionally, housing costs are especially low with an average home price of $187,500 and rent averaging out at $947/month. All in all, 46163 New Palestine provides an affordable place to live and raise a family without sacrificing quality or convenience.