Is Rent Expensive In Indiana?

The average rent for a 1-bedroom apartment in Indianapolis, IN is currently $1,085.

Average Rent in Indianapolis, IN.

What is the average cost of rent in Indiana?

Indianapolis, IN Rent Trends

Is it expensive to live in Indiana?

According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.

Is it cheap to live in Indiana?

Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.

How much does it cost to live in Indiana per month?

Summary about cost of living in Indianapolis, IN, United States: Family of four estimated monthly costs are 3,556$ without rent. A single person estimated monthly costs are 1,009$ without rent.

Is it cheaper to live in Texas or Indiana?

Indiana is 4.7% cheaper than Texas.

What state has the highest rent?

These are the states with the highest one-bedroom rent estimates, according to Apartment List:

• California ($1,648)
• New Jersey ($1,516)
• Florida ($1,426)
• Massachusetts ($1,423)
• Virginia ($1,412)
• Maryland ($1,406)
• Colorado ($1,384)
• Washington ($1,360)

What is considered a living wage in Indiana?

Living Wage Calculation for Indiana

What state has low cost of living?

Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.

What is a good salary in Indiana?

Average Salary in Indiana. $46,491 is the 25th percentile. Salaries below this are outliers. $70,440 is the 75th percentile.

Where can I live for $500 a month in USA?

Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:

• Greenville, OH. Listing: Wayne Crossing.
• Wichita, KS. Listing: Eagle Creek.
• Lawton, OK. Listing: Sheridan Square Apartments.
• Amarillo, TX.
• Indianapolis, IN.
• Searcy, AR.
• Shreveport, LA.
• Jackson, MS.

Where is it cheapest to live in Indiana?

Here are the top 10 cheapest places to live in Indiana:

• New Whiteland.
• Wabash.
• Rushville.
• North Vernon.
• Elwood.
• Princeton.
• North Manchester.
• Huntington.

Is Indiana a good state to live in?

Is Indiana a Good Place to Live? Indiana is one of the best states to live in because it boasts the lowest cost of living, low crime rates, and plenty of job opportunities with a growing automotive industry. As the state with the lowest cost of living, it also makes sense that it has incredibly affordable housing.

What is the minimum wage in Indiana?

So, Will Indiana Increase Its Minimum Wage This Year? In 2018 a bill was introduced to the Indiana General Assembly to increase the state minimum wage from $7.25 an hour to $10 an hour starting June 30, 2021. It would increase to $13 an hour by 2022 and $15 an hour by 2023.

What is the average electric bill in Indiana?

$184/month
In Indiana, the average monthly electricity bill for residential consumers is $184/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,277 kWh * 14 ¢/kWh.

Is Indiana a safe place to live?

At A Glance:
With #1 being the best, Indiana is ranked #21 for property crime out of 50 states + Washington, D.C. You have a 1.97% chance of being a property crime victim in Indiana in the next 12 months. Indiana’s property crime rate is 7% lower than the average crime rate in the United States.

What is the best state to live in financially?

The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.

• New Jersey.
• Hawaii.
• Connecticut.
• Alaska.
• Illinois.

What city has the lowest cost of living?

Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.

Where is the cheapest rent in the United States?

Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.

What month is rent the cheapest?

The lowest rental rates are found during the winter months—October through April—with demand and prices reaching their nadir between January and March. An apartment search should begin in the middle of the month prior to the target move month.

What states have the cheapest apartments?

States With the Most Affordable Housing

• Iowa.
• Ohio.
• Indiana.
• Pennsylvania.
• Nebraska.
• North Dakota.
• Oklahoma.
• West Virginia.