What is the cheapest housing market in Indiana?
The cheapest housing market in Indiana is Hartford City. The average home value in Hartford City is $61,500, the lowest in the state. The average home value in Indiana is $148,900, almost 2.4 times higher than Hartford City.
Located in None Indiana, Hartford City has a population of about 5,781. Part of the reason Hartford City has the cheapest housing market is because it has more crime than the Indiana average crime rate.
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People Also Ask About Indiana
Is Indiana a dangerous state?
No, Indiana is not a dangerous state as it ranks as the #22 safest state in the United States based on our analysis of the latest FBI Crime Data. The violent crime rate in Indiana ranks 27th most dangerous in the United States -- 3.28% better than US average violent crime rate. The property crime rate in the Hoosier State ranks 30th most dangerous in the United States -- 8.76% better than US average property crime rate. The latest reporting year from the FBI was 2022.
Is Indianapolis, IN a dangerous city?
Yes, Indianapolis is a dangerous city. Indianapolis ranks as the #66 most dangerous out of 328 major cities over 100,000 people in the United States based on our analysis of the latest FBI Crime Data. Keep in mind that are always safe and dangerous parts of any city, so even though Indianapolis might be considered dangerous you still need to be aware of where you are.
Compared to other big cities, the violent crime rate in Indianapolis ranks 37th highest in America -- 85.64% worse than US average violent crime rate. The property crime rate in the ranks 87th highest in the United States -- 23.74% worse than US average property crime rate. Note the latest reporting year from the FBI was 2022 and that no city in America is "dangerous". Despite the uptick in murders, it's nothing like you'd see in Tijuana or Caracas where the murder rate is 2x any American city.
What county in Indiana has the lowest cost of living?
The county in Indiana with the lowest cost of living is Randolph County. The average living wage in Randolph County is $75,145 according to MIT data. Randolph County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Indiana as a whole. Childcare costs $8,340 a year in Randolph County for two children compared to the Indiana average of $12,286. Housing costs, defined as a blend of the average rent and average mortgage payment, are $8,784 per year in Randolph County compared to $10,258 on average in Indiana.
What is the cost of living in Indiana?
The cost of living in Indiana is 9.4% lower than the US average. According to MIT, the required living wage for a family of four with two working parents in Indiana is $81,321 vs the national average for a family of four with two working parents of $89,744. The median income of a Indiana household is $58,235.