Housing costs in Somerset?
A typical home costs
$174,300, which is 48.4% less expensive than the national average of
$338,100 and 21.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Somerset costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Somerset?
To live comfortably in Somerset (zip 46984), Indiana, a minimum annual income of
$33,480 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Somerset?
The cost of living in 46984 Somerset, IN is quite affordable. According to the Cost of Living Index, the average cost of living in this area is 8.4% lower than the national average. This makes it a great place to live for those looking for an affordable lifestyle. The median home price here is $117,600, which is well below the median for the state of Indiana. Additionally, the area has low unemployment and plenty of job opportunities, making it an attractive option for anyone considering a move to this part of the state.