Housing costs in Gary?
A typical home costs
$99,700, which is 70.5% less expensive than the national average of
$338,100 and 55.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Gary costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Gary?
To live comfortably in Gary (zip 46408), Indiana, a minimum annual income of
$19,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Gary?
The cost of living in 46408 Gary, IN is generally low compared to other cities. According to the Council for Community and Economic Research (C2ER), the cost of living index for 46408 is 84.2, which is 16.8% below the national average. This means that residents in 46408 can expect to pay significantly less for goods and services than they would on average throughout the United States. Additionally, housing costs in 46408 are particularly low when compared to other places; C2ER reports that Gary鈥檚 median home costs 66.1% lower than the national average for similar homes. This makes Gary an attractive place to live for those looking for a more affordable living experience without sacrificing access to nearby amenities such as shopping centers, restaurants, museums, and parks.