Housing costs in Rensselaer?
A typical home costs
$191,400, which is 43.4% less expensive than the national average of
$338,100 and 13.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Rensselaer costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Rensselaer?
To live comfortably in Rensselaer (zip 47978), Indiana, a minimum annual income of
$36,720 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Rensselaer?
The cost of living in 47978 Rensselaer, IN is very affordable compared to other cities in the United States. The median home value is $93,900 which is much lower than the national average of $184,700. Renters pay a median rent of $635 per month, which is also well below the national average of $949 per month. In terms of groceries and other necessities, prices are also quite competitive with the state and national averages. Overall, 47978 Rensselaer is a great place for families looking for an area with low cost of living while still having access to all the necessary amenities.