Housing costs in Oaktown?
A typical home costs
$133,200, which is 60.6% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Oaktown costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford Oaktown?
To live comfortably in Oaktown (zip 47561), Indiana, a minimum annual income of
$25,560 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Oaktown?
The cost of living in Oaktown, IN is quite affordable. The median home value is just over $110,000, and the median household income is nearly $58,000. The overall cost of living index for the area is about 86, which means it is 14% lower than the national average. Additionally, utility costs are below average for the state of Indiana. All in all, Oaktown offers an affordable yet comfortable lifestyle for its residents.