Housing costs in Waveland?
A typical home costs
$178,400, which is 47.2% less expensive than the national average of
$338,100 and 19.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Waveland costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 34.2% cheaper than the state average of
$980.
Can I afford Waveland?
To live comfortably in Waveland (zip 47989), Indiana, a minimum annual income of
$34,200 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Waveland?
Living in 47989 Waveland, IN is a relatively affordable option, as the cost of living index for the area is at 91.3, which is 9.7% lower than the national average. Property taxes are also lower than the national average due to low home values, with an average effective property tax rate of 0.68%. Groceries and goods in Waveland are widely available and reasonably priced, making it easy to live comfortably on a budget. Eating out can be costly, however, as restaurant prices are slightly higher than the national average. Transportation costs are also minimized thanks to the affordability of gas prices and public transportation options such as buses and taxis that provide services throughout the area.