Housing costs in Gary?
A typical home costs
$79,300, which is 76.5% less expensive than the national average of
$338,100 and 64.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Gary costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Gary?
To live comfortably in Gary, Indiana, a minimum annual income of
$15,120 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Gary?
Gary, Indiana has a cost of living index rating slightly lower than that if the nation at 92 due mostly to extremely low housing costs making up 28% - substantially below the national average 43%. Utility costs are also relatively low owing to favorable climate conditions and cheaper sources of energy such as natural gas providing citizens with an affordable option while having access to similar amenities found citywide from whatever municipality they call home. Transportation (11%) and healthcare (10%) make up approximately equal percentages with grocery costs accounting for 9%, further contributing to overall low living expenses when contrasted against many other U.S cities .