Housing costs in Otwell?
A typical home costs
$176,700, which is 47.7% less expensive than the national average of
$338,100 and 20.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Otwell costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$980.
Can I afford Otwell?
To live comfortably in Otwell (zip 47564), Indiana, a minimum annual income of
$33,840 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Otwell?
The cost of living in 47564 Otwell, IN is relatively low compared to other areas in the state. The median household income is $57,089 and the median home value is $107,900, according to recent census data. In terms of housing costs, rents are fairly affordable with a one-bedroom apartment typically costing $600 to $750 per month. Prices for groceries and utilities are also lower than average. Fuel prices tend to be slightly cheaper than other parts of Indiana as well, making it a great place for commuters who need to take frequent trips out of town.