Quick facts: Hanna, IN

Quick Facts

95.3
Cost of Living
below US average
535
Population
65.42
Crime Rate per 1000
above US average
$36,272
Median Income
below US average
$253,000
Median House Price
above US average
$1317
Average Rent
below US average
15%
Poverty Rate
above US average
5.1%
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 $36,272.

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Income Needed to Buy

βœ— Stretch
$79k/year
Based on $253,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $79k vs median $36,272
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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 $36,272
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hanna, IN

Hanna is a small town located in LaPorte County, Indiana, with a population of around 800 residents. Known for its rural charm, Hanna offers a peaceful, close-knit community atmosphere surrounded by picturesque farmland and natural beauty. The town is situated approximately 20 miles south of the bustling city of Gary and about 60 miles from Chicago, making it a tranquil escape from urban life while still being accessible to city amenities. Local attractions include nearby outdoor recreation areas, such as state parks and nature reserves, ideal for hiking, fishing, and enjoying the outdoors. Hanna's historical significance is evident in its well-preserved structures and small-town character. The community hosts various events throughout the year, fostering a strong sense of local pride and togetherness among residents. Despite its small size, Hanna's proximity to larger cities provides residents with easy access to shopping, dining, and entertainment. Overall, Hanna, IN, embodies a quintessential small-town experience with a rich agricultural heritage and a welcoming atmosphere.

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