Housing costs in Pendleton?
A typical home costs
$275,500, which is 18.5% less expensive than the national average of
$338,100 and 24.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Pendleton costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 4.9% more than the state average of
$980.
Can I afford Pendleton?
To live comfortably in Pendleton (zip 46064), Indiana, a minimum annual income of
$52,920 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Pendleton?
The cost of living in 46064 Pendleton, IN is relatively low compared to other cities throughout the country. According to the Cost of Living Index (COLI), Pendleton has an index score of 83.0, which is significantly lower than the national average COLI score of 100. The average home price in Pendleton is around $148,000, which is lower than the median home cost for Indiana as a whole at $164,500. Additionally, utilities are also cheaper in Pendleton than they are typically statewide; residents can expect to pay around 7% below state averages for electricity and 4% less for natural gas. Groceries, transportation costs, and healthcare costs all remain close to or slightly below national averages as well. All in all, 46064 Pendleton offers its residents a high quality of life at an affordable price point.