Housing costs in Indianapolis?
A typical home costs
$227,500, which is 32.7% less expensive than the national average of
$338,100 and 2.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,550 per month, which is 58.2% more than the national average of
$980 and 32.3% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46231), Indiana, a minimum annual income of
$43,560 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Indianapolis?
The cost of living in 46231 Indianapolis, IN is quite reasonable compared to many other cities. Housing costs are generally lower than the national median, with a typical home costing around $150,000. Utilities and transportation costs also tend to be below average, making it easier for residents to make ends meet on their salaries. Groceries and health care are both relatively affordable here as well. All in all, the cost of living in 46231 Indianapolis, IN is quite manageable for most households.