Housing costs in Indianapolis?
A typical home costs
$341,400, which is 1.0% more expensive than the national average of
$338,100 and 54.1% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,470 per month, which is 50.0% more than the national average of
$980 and 28.6% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46204), Indiana, a minimum annual income of
$65,520 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46204 Indianapolis, IN is generally considered to be quite affordable. The median home price in this area is around $145,000, which is lower than the national average and much lower than many other areas in the United States. In addition, the cost of food, transportation, utilities, and other household expenses are all below the national average in this area. Despite these lower costs of living, there are still plenty of great amenities in the area including shopping centers, restaurants, parks, and more. Overall, 46204 Indianapolis provides an excellent balance between affordability and quality of life for its residents.