Housing costs in Shelbyville?
A typical home costs
$193,100, which is 42.9% less expensive than the national average of
$338,100 and 12.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Shelbyville 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 Shelbyville?
To live comfortably in Shelbyville (zip 46176), Indiana, a minimum annual income of
$37,080 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Shelbyville?
The cost of living in 46176 Shelbyville, IN is relatively low compared to other places in the country. The median household income is $42,473 which is significantly lower than the national average. Housing costs are also quite low with a median price of only $140,000 for a home. This makes it an attractive place for people looking for affordable housing options. In addition, the taxes in Shelbyville are comparatively lower than many other places, which means residents can keep more of their hard-earned money. Overall, living in Shelbyville can be very affordable if you know where to look and take advantage of all the options available to you.