Housing costs in Indianapolis?
A typical home costs
$141,400, which is 58.2% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% more than the state average of
$980.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46226), Indiana, a minimum annual income of
$27,000 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46226 Indianapolis, IN is quite reasonable compared to other parts of the country. The median home price in this area is $153,800 which is lower than the national average and considerably less than a comparable city such as San Francisco or New York City. Additionally, the median household income in 46226 is about $54,300, which gives residents a comfortable amount of disposable income after paying for basic living expenses like rent and utilities. Gas prices are also very affordable at around $2.37 per gallon on average. All of these factors make living in this area quite attractive for those looking for an affordable place to call home.