Housing costs in Indianapolis?
A typical home costs
$221,300, which is 34.5% less expensive than the national average of
$338,100 and 0.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Indianapolis costs
$1,230 per month, which is 25.5% more than the national average of
$980 and 14.6% more than the state average of
$1,050.
Can I afford Indianapolis?
To live comfortably in Indianapolis (zip 46268), Indiana, a minimum annual income of
$42,480 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Indianapolis?
Living in 46268 Indianapolis, IN can be affordable. The cost of living index is just below the national average at 93.3, making it a great place to call home for those who are looking for a good deal. Rent costs are around median levels, with the advertised median rent being $915 per month. Groceries tend to be about 8% lower than the national average and electricity prices are on par with most other places in the country. Transportation is also reasonably priced, with a one-way ticket on public transport costing about $2.00 and gas prices hovering around the national average. All in all, living in this area can be quite cost-effective if you're looking for an affordable place to live!