Housing costs in Newburgh?
A typical home costs
$269,200, which is 20.4% less expensive than the national average of
$338,100 and 21.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Newburgh costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 16.2% more than the state average of
$980.
Can I afford Newburgh?
To live comfortably in Newburgh (zip 47630), Indiana, a minimum annual income of
$51,480 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Newburgh?
The cost of living in 47630 Newburgh, IN is relatively affordable compared to other cities in the US. According to the Cost of Living Index, the cost of living in this city is 18.7% lower than the national average. Housing costs are 14.3% lower than the national average, making it an attractive choice for those looking for a more budget-friendly area. Grocery prices are also 15.4% lower than the national average, allowing residents to stretch their money further when buying basic necessities. In addition, transportation costs are 16.8% lower than the US average and health care expenses are 17.2% below the national average. All these factors make Newburgh an ideal location for those seeking an affordable lifestyle without sacrificing quality of life.