Indy is a very affordable state on its own, but what are the top 5 most affordable cities inside Indiana? This is the question we are going to tackle in this list. Indiana is such a wonderful state with a lot to offer. It is no wonder why more and more people move to Indiana. Whatever place you choose in Indiana as your next destination, you won’t be wrong.
Here, we are going to explore places with the lowest cost of living and the median home value. So, make sure to stick with us until the end. We hope that this list is going to help you choose the city of your desires. Just remember to stay safe in these unprecedented times. Also, wherever you decide to move to, know that in Indiana assistance is always at your disposal, even for a long-distance relocation.
Princeton
Princeton is a fantastic little place perfect for families with children. It has less than 10 thousand people. If you want to get out of large urban areas, Princeton in Indiana is a perfect place for you. You won’t be sacrificing anything. You’ll have access to major roads, and you can comfortably go to bigger cities without any problems.
The median home value in Princeton is $84,800, with an average rent of $647. However, the median income is $45,274. Maybe you can negotiate a house even at a lower price.
Hartford City
Hartford City is even smaller than Princeton. However, this town also has the same properties as Princeton. It is a fantastic place for families who like living in smaller cities. Families love those places because crime is almost nonexistent.
The median home value in Hartford City is $59,100, with an average rent of $614. However, the median income is just $37,083. With those prices, it is hard to decide if you should just buy a home or rent one.
Rochester
Another tiny city in Indiana, Rochester is again a perfect fit for families. It is a seat of Fulton County. More than 35% of citizens have some college or associate’s degree or higher education. So, it is a very well educated place. Also, it is a fantastic place for retirees. But now, let’s check out some facts about this wonderful place.
Huntington
A very safe city, Huntington offers its residents a sparse suburban feel. With a population of over 17 thousand people, Huntington has much to offer. It has the best of both worlds – a place of high earners and cheap homes.
The median home value in Huntington is $79,600, with a median rent of $681. The median income in Huntington is $43,996.
Alexandria
Alexandria has the best income to home value ratio in Indiana. it has a population of 5,025 people. The median home value in Alexandria is just $76,500, with a median rent of $787. The median income in Huntington is a staggering $52,051.