Zip 47983 (Stockwell, IN) Cost of Living


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How much do I need to live in Stockwell, Indiana?
$2,520 / month
for a family, 53.3% less expensive than the national average A total of $30,240 for the year for a family.
$2,833 / month
for a single person, 40.6% less expensive than the national average A total of $34,000 for the year for a single person.

Stockwell cost of living score
83.5
Less expensive
16.5% lower
than the US average
0.2% lower
than the Indiana average
Stockwell (zip 47983), Indiana gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 0.2% higher than the average for Indiana.

Zip 47983 (Stockwell, IN)

Housing costs in Stockwell?
A typical home costs $156,900, which is 53.6% less expensive than the national average of $338,100 and 29.2% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Stockwell costs $1,000 per month, which is 2.0% more than the national average of $980 and 5.0% cheaper than the state average of $1,050.

Can I afford Stockwell?
To live comfortably in Stockwell (zip 47983), Indiana, a minimum annual income of $30,240 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Stockwell?
The cost of living in 47983 Stockwell, IN is quite affordable compared to other areas. The median home value is around $72,000, and the median household income is approximately $45,000. Both of these figures are much lower than the national averages. Taxes are also relatively low in Stockwell, and the cost of utility bills and transportation expenses are also quite low. Overall, Stockwell offers a very affordable lifestyle that allows for comfortable living with a limited budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesStockwellIndianaUnited States
    Unlock83.7100.0
  90.5  Unlock100.0
    Unlock94.4100.0
  53.9  Unlock100.0
    Unlock$221,600$338,100
  97.5  Unlock100.0
    Unlock85.4100.0
  101.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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