Housing costs in Mentone?
A typical home costs
$177,100, which is 47.6% less expensive than the national average of
$338,100 and 20.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mentone costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 6.5% cheaper than the state average of
$980.
Can I afford Mentone?
To live comfortably in Mentone (zip 46539), Indiana, a minimum annual income of
$33,840 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Mentone?
The cost of living in 46539 Mentone, IN is relatively low compared to many other areas. The median household income in the area is around $45,600 per year and the overall cost of living index is 88.7, which is significantly lower than the national average of 100. The housing market in this area is also quite affordable as the median home value is only $77,000 which is much lower than most other locations in this part of Indiana. Additionally, utilities are also quite reasonable with monthly electricity costs averaging only $140 per month. All things considered, 46539 Mentone, IN has a relatively low cost of living that makes it an attractive option for those looking to live in a rural community while still having access to urban amenities and employment opportunities.