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These days, finding an affordable place to live in the Bengal area can be challenging. Home prices in Bengal are now at a median cost of $296,311, higher than the Indiana average of $232,932.
The average cost of rent is $1,151/mo in Bengal, primarily driven by the current value of real estate in the Bengal area. In Bengal, 12.35% of households rent, and 43.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bengal is $7,971 per month. Households that rent pay about 14.43% of their income on rent here. Bengal’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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