Quick facts: Ambia, IN

Quick Facts

95.3
Cost of Living
below US average
229
Population
43.67
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$233,000
Median House Price
above US average
$1317
Average Rent
below US average
10%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,000.

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Income Needed to Buy

βœ— Stretch
$73k/year
Based on $233,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $73k vs median $50,000
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ambia, IN

Ambia is a small, unincorporated community located in Benton County, Indiana. Nestled in the rural landscape of the Midwest, Ambia is characterized by its quaint charm and agricultural surroundings. The community has a close-knit feel, with a few local businesses and a primarily residential population. Residents enjoy a peaceful lifestyle, surrounded by farmlands and open spaces, making it ideal for those who appreciate a slower pace and the beauty of nature. The area is conducive to outdoor activities like hiking, fishing, and exploring the picturesque countryside. Ambia is situated near larger towns such as Fowler and Boswell, where residents can access additional amenities, services, and shopping options. The community is part of the Benton Community School Corporation, providing educational opportunities for families in the area. Overall, Ambia offers a unique glimpse into rural life in Indiana, marked by a strong sense of community and a connection to the agricultural heritage of the region. It's an ideal place for those looking to escape the hustle and bustle of city life while enjoying the simplicity and tranquility of small-town living.

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