Housing costs in Lapel?
A typical home costs
$189,200, which is 44.0% less expensive than the national average of
$338,100 and 14.6% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lapel costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Lapel?
To live comfortably in Lapel (zip 46051), Indiana, a minimum annual income of
$36,360 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lapel?
The cost of living in 46051 Lapel, IN is quite reasonable. Groceries, housing, utilities and transportation are all quite affordable. The median home value is about $114,800 and the median gross rent is about $751 per month. Utilities such as electricity and water average around $100 per month. Gas prices are slightly below the national average at approximately $2.50 per gallon. Food prices are also lower than the national average, making groceries more affordable for many local residents. Overall, 46051 Lapel, IN provides an affordable place to live with plenty of amenities for residents to enjoy.