Housing costs in New Washington?
A typical home costs
$174,100, which is 48.5% less expensive than the national average of
$338,100 and 21.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Washington costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 3.9% more than the state average of
$980.
Can I afford New Washington?
To live comfortably in New Washington (zip 47162), Indiana, a minimum annual income of
$33,480 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about New Washington?
The cost of living in 47162 New Washington, IN is relatively low compared to other parts of the United States. According to BestPlaces.net, the median home price in New Washington is $124,800, which is lower than both the US median home price ($184,700) and Indiana median home price ($134,400). Additionally, housing costs are an average of 17% below the national average. The overall cost of living index for New Washington is 86 out of 100 (with 100 being the most expensive), indicating that it's 14% cheaper than the rest of the country. Furthermore, utilities are 10% cheaper than what you'd spend elsewhere in the nation on average. All in all, New Washington offers a great balance between quality and affordability for those looking to relocate or buy a new home here.