Cost of Living in Enchanted Hills, IN

With a cost of living index of 85, Enchanted Hills, IN is a very affordable place to live. Living here is 15% cheaper than the national average and 6% above the Indiana state average of 78. Enchanted Hills is a small community of 867 residents.

Housing costs are the biggest factor in Enchanted Hills's cost of living. The median monthly rent is $1,177 (11% below the US median of $1,319), and the median home value sits at $199,200 (35% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Enchanted Hills is $67,642, which is 10% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.