Housing costs in New Point?
A typical home costs
$134,900, which is 60.1% less expensive than the national average of
$338,100 and 39.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Point costs
$990 per month, which is 1.0% more than the national average of
$980 and 3.0% more than the state average of
$960.
Can I afford New Point?
To live comfortably in New Point (zip 47263), Indiana, a minimum annual income of
$25,920 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about New Point?
The cost of living in 47263 New Point, IN is relatively affordable. The median home value in the area is around $90,000 which is lower than the national average. The median household income is also quite low at just over $38,000 per year. Groceries, transportation and utilities are all significantly cheaper here than in other areas of the country. Overall, 47263 New Point makes for an attractive option for those looking for a place to live with a lower cost of living than most other cities and towns.