Housing costs in Shelby?
A typical home costs
$138,300, which is 59.1% less expensive than the national average of
$338,100 and 37.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Shelby costs
$1,170 per month, which is 19.4% more than the national average of
$980 and 19.7% cheaper than the state average of
$1,400.
Can I afford Shelby?
To live comfortably in Shelby (zip 46377), Indiana, a minimum annual income of
$26,640 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Shelby?
The cost of living in 46377 Shelby, IN is quite reasonable. Housing costs are very affordable compared to the national average, with the median price for a home in the area coming in at just under $75,000. The cost of groceries, transportation, and utilities are all below the national average as well. For those looking to stretch their dollar further, there are plenty of opportunities to purchase items at discount prices from local stores and markets. All-in-all, living in 46377 Shelby, IN is an affordable option for families looking for a comfortable place to call home.