Housing costs in North Salem?
A typical home costs
$274,100, which is 18.9% less expensive than the national average of
$338,100 and 23.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in North Salem costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford North Salem?
To live comfortably in North Salem (zip 46165), Indiana, a minimum annual income of
$52,560 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about North Salem?
The cost of living in 46165 North Salem, IN is relatively affordable. The median home value is around $95,000 and the median rent is just under $700 per month. Utilities are also reasonable, with electricity costing around 10 cents per kilowatt-hour and natural gas at an average cost of $1.30 per therm. Groceries are slightly more expensive than the national average, but you can save money by shopping at one of the local farmers markets or roadside stands for fresh produce. Overall, North Salem offers a great quality of life without breaking the bank.