Housing costs in Velpen?
A typical home costs
$194,300, which is 42.5% less expensive than the national average of
$338,100 and 12.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Velpen costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 30.7% cheaper than the state average of
$980.
Can I afford Velpen?
To live comfortably in Velpen (zip 47590), Indiana, a minimum annual income of
$37,080 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Velpen?
The cost of living in 47590 Velpen, IN is relatively low compared to other parts of the country. Housing costs are particularly low, with a median home price of $119,000 and median rent of $694 per month. The area also has relatively low transportation costs, with an average commute time of just 17 minutes. Additionally, grocery prices tend to be lower than the national average as well. Overall, living in 47590 Velpen is quite affordable and makes for a great place to live for those looking for an inexpensive lifestyle.