Quick facts: Boswell, IN

Quick Facts

95.3
Cost of Living
below US average
799
Population
6.26
Crime Rate per 1000
below US average
$46,310
Median Income
below US average
$174,900
Median House Price
above US average
$1300.0
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $46,310.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $174,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $46,310
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $46,310
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Boswell, IN

Boswell, Indiana, is a small town located in the northwestern part of the state, within Benton County. With a population of around 1,000 residents, it offers a tight-knit community atmosphere. The town was founded in the late 19th century and features a mix of historic architecture and modern amenities. Boswell is surrounded by beautiful rural landscapes, making it ideal for those who enjoy outdoor activities such as hiking and fishing. The area is predominantly agricultural, reflecting Indiana’s rich farming heritage. The town has essential services such as schools, local shops, and parks, promoting a family-friendly environment. It is conveniently situated near larger towns, which can provide more extensive amenities, shopping, and dining options. History enthusiasts can explore local landmarks, while community events throughout the year foster camaraderie among residents. Overall, Boswell is a charming rural community that epitomizes small-town America.

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