Housing costs in New Waverly?
A typical home costs
$147,600, which is 56.3% less expensive than the national average of
$338,100 and 33.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Waverly costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford New Waverly?
To live comfortably in New Waverly (zip 46961), Indiana, a minimum annual income of
$28,440 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about New Waverly?
The cost of living in 46961 New Waverly, IN is very affordable compared to other areas of the country. The median home price is around $120,000, which is much lower than the national median of $217,000. The median household income is also fairly low at around $40,000, but it offers many advantages to those who live there since property values tend to be lower and therefore provide great investment opportunities. Utility costs are also quite reasonable with electricity averaging around $0.11 per kilowatt-hour and natural gas rates running at around $1.05 per therm. Food prices are also relatively low while healthcare costs remain manageable as well due to a number of quality providers in the area.