Housing costs in Gary?
A typical home costs
$136,400, which is 59.7% less expensive than the national average of
$338,100 and 38.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Gary costs
$910 per month, which is 7.1% cheaper than the national average of
$980 and 53.8% cheaper than the state average of
$1,400.
Can I afford Gary?
To live comfortably in Gary (zip 46403), Indiana, a minimum annual income of
$26,280 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Gary?
The cost of living in Gary, IN 46403 is relatively low compared to the rest of the country. With an average home price of just over $90,000, it is significantly less than the US median home value of $200,000. Furthermore, general expenses such as groceries and utilities are also lower than average. The city鈥檚 unemployment rate is higher than the national average, but its growth rate is still close to the US average. All in all, Gary offers affordable living and a growing economy that has opportunities for those who live there.