Housing costs in South Bend?
A typical home costs
$124,700, which is 63.1% less expensive than the national average of
$338,100 and 43.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in South Bend costs
$950 per month, which is 3.1% cheaper than the national average of
$980 and 12.6% cheaper than the state average of
$1,070.
Can I afford South Bend?
To live comfortably in South Bend (zip 46601), Indiana, a minimum annual income of
$23,760 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about South Bend?
The cost of living in 46601 South Bend, IN is generally quite affordable. The median home price is around $157,000, while the median rent for a one-bedroom apartment is around $900. Food costs can also be very reasonable, with groceries averaging $$2,012 for a family of four over a year. Utility costs are also quite affordable, with an average electric bill of $110 per month and an average gas bill of $68 per month. Transportation costs also tend to be low in 46601 South Bend, IN, with the average cost of owning and operating a car only coming to about $8,414 each year. All things considered, it's easy to see why 46601 South Bend provides some excellent affordability opportunities for residents.