Housing costs in Romney?
A typical home costs
$255,700, which is 24.4% less expensive than the national average of
$338,100 and 15.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Romney costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 2.1% cheaper than the state average of
$980.
Can I afford Romney?
To live comfortably in Romney (zip 47981), Indiana, a minimum annual income of
$48,960 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Romney?
The cost of living in 47981 Romney, IN is relatively low compared to the national average. The median home price in this area is $105,100 which is lower than the state median of $135,000. The median household income here is also lower than the national and state averages at just over $40,000 per year. The unemployment rate for this area is also slightly below the national average at 4.9%. With such a low cost of living and reasonable incomes, this area makes a great place to live if you're looking for an affordable place with plenty of employment opportunities.