Housing costs in New Paris?
A typical home costs
$258,900, which is 23.4% less expensive than the national average of
$338,100 and 16.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Paris 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 Paris?
To live comfortably in New Paris (zip 46553), Indiana, a minimum annual income of
$49,680 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about New Paris?
The cost of living in 46553 New Paris, IN is relatively low compared to the national average. Prices for goods and services are generally just slightly higher than the US average, with housing costs being the most significant difference. The median home value in New Paris is approximately $117,000 which is very affordable when compared to other parts of the country. Additionally, transportation costs are low due to the small size of the town and proximity to larger cities for employment opportunities. All in all, living in New Paris can be a very affordable option for those looking for an enjoyable place to call home.