Housing costs in North Vernon?
A typical home costs
$175,500, which is 48.1% less expensive than the national average of
$338,100 and 20.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in North Vernon costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford North Vernon?
To live comfortably in North Vernon (zip 47265), Indiana, a minimum annual income of
$33,480 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about North Vernon?
The cost of living in 47265 North Vernon, IN is quite reasonable. Overall, the area has a low unemployment rate and job opportunities are plentiful. The median household income is around $42,000 and the median home value is around $87,000. Rents are also affordable with the average rent for a two-bedroom unit being around $620 per month. Food costs are slightly higher than the national average but overall, it's still quite reasonable. Groceries and other necessities are abundant and generally reasonably priced as well.