Housing costs in Ramsey?
A typical home costs
$206,300, which is 39.0% less expensive than the national average of
$338,100 and 6.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Ramsey costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Ramsey?
To live comfortably in Ramsey (zip 47166), Indiana, a minimum annual income of
$39,600 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Ramsey?
The cost of living in 47166 Ramsey, IN is relatively low compared to other cities in the area. According to BestPlaces, the cost of living index for Ramsey, IN is 85.7, which is 15.3% lower than the U.S. average of 100. This means that housing costs, transportation, groceries and other everyday expenses are all lower than the national average. In addition, residents of 47166 Ramsey enjoy a low unemployment rate and a healthy job market with several major employers in the area providing plenty of job opportunities for those living here. All these factors contribute to making 47166 Ramsey an attractive destination for both families and individuals looking for a place to call home without breaking their budget.