What Is the Average Cost of Living in Indiana?

The cost of living in Indiana is about 8% less than the national average. As prices have soared across the nation, homeowners and aspiring homeowners need to assess which houses they can buy. At HomeServices Real Estate Academy, we provide courses that train you to become a real estate agent who can understand your client's needs. Explore the average cost of living in Indiana today and learn how that impacts home buying.

Cost of Living Expenses in Indiana

In Indiana, the average cost of living expenses for a single person is $1,949 per month, and for a family of 4, it is $4,631 per month. Living expenses include everything a person needs to survive and thrive. This includes rent or a mortgage, food and groceries, transportation, health insurance, doctor's visits, internet, cell phones, and utilities. It can also include dates, childcare or preschool, streaming services, gym memberships, and other subscriptions.

Real-World Cost of Living Expenses in Indiana

In Indiana, the median rent for a one-bedroom apartment is about $1,000 per month. For a two-bedroom apartment, it costs about $1,200 per month. For a single individual, transportation costs are about $10,616 per year. However, this amount jumps to $17,808 annually for a family of four. Some other everyday living expenses are:

• Energy: $126.51.
• Water bill: $30.
• Phone bill: $114.
• Internet: $30.
• Streaming services: $47.
• Natural Gas: $112.
• Child care: $6,831 per child.
• Groceries: $438.

To live comfortably in Indiana, you need to earn about $30,000 per year for a single person. A family should bring in at least $60,000 per year to thrive. After taxes, the average annual salary in Indiana is about $51,744. The monthly average salary in Indiana after taxes is about $4,312.

How HomeServices Real Estate Academy Can Help

At HomeServices Real Estate Academy, we offer courses for aspiring real estate agents and brokers. In Indiana, you're eligible to take real estate agent classes if you are over age 18, have your GED or high school diploma, and don't have any legal issues. While most of our courses take 12 weeks, you can complete them in as little as 2 weeks. We offer classes online, in person, in the evenings, and on weekends. As a real estate agent, you have the ability to help people find their dream homes by taking into account their salary and cost of living expenses while earning an income of your own.

Contact Us for Real Estate Courses Today

When you're ready to become a real estate agent or a broker, HomeServices Real Estate Academy is here for you. We provide online and in-person courses so you can pursue a successful career serving your community. Our classes are taught by professionals with industry experience and can answer your real-world questions.

Get started by finding your course in our online program, sending a message, or calling. We have locations in Louisville and Lexington, KY; New Albany, IN; and an Ohio location is coming soon. We're happy to serve the surrounding areas of Louisville and Lexington, KY, and New Albany, IN. Contact us today!