Housing costs in Redkey?
A typical home costs
$90,200, which is 73.3% less expensive than the national average of
$338,100 and 59.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Redkey 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 Redkey?
To live comfortably in Redkey, Indiana, a minimum annual income of
$17,280 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Redkey?
The cost of living in Redkey, IN is very reasonable for those looking for an affordable place to live. The overall cost of living index is 9.4% lower than the national average, making Redkey a great place for budget-conscious individuals and families alike. Housing costs are also below the national average, with the median home price being $103,200 – well below what you would find in most other US cities. Groceries are about 6% cheaper than the national average, making it easy to save money on everyday items. Utilities are slightly higher than the national average but still reasonably priced at only 8.9%. All in all, Redkey offers a great value when it comes to cost of living and quality of life.