Housing costs in Palmyra?
A typical home costs
$188,400, which is 44.3% less expensive than the national average of
$338,100 and 15.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Palmyra costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$980.
Can I afford Palmyra?
To live comfortably in Palmyra (zip 47164), Indiana, a minimum annual income of
$36,000 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Palmyra?
47164 Palmyra, IN is an affordable place to live with a cost of living index of 79.6, which is significantly lower than the national average of 100. Housing costs are particularly low compared to the national average, making it an attractive option for those looking for an affordable place to live. The overall cost of living in Palmyra is very reasonable and most basic necessities such as food, transportation, and utilities are all relatively inexpensive when compared to other areas in the state or country. In addition, there are plenty of recreational activities in the area that offer affordable entertainment options so residents can enjoy their free time without breaking the bank.