Housing costs in Otterbein?
A typical home costs
$162,500, which is 51.9% less expensive than the national average of
$338,100 and 26.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Otterbein costs
$1,000 per month, which is 2.0% more than the national average of
$980 and 5.0% cheaper than the state average of
$1,050.
Can I afford Otterbein?
To live comfortably in Otterbein (zip 47970), Indiana, a minimum annual income of
$30,960 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Otterbein?
Living in 47970 Otterbein, IN is relatively affordable compared to other parts of the country. According to BestPlaces's cost of living index, the overall cost of living in 47970 Otterbein, IN is significantly lower than the US average. Housing costs in particular are very affordable at 26% below the national average. Other expenses such as groceries, transportation, healthcare and utilities also come in far below the US average. This makes it an ideal location for those looking for an inexpensive place to live with access to great amenities.