Quick facts: Mentone, IN

Quick Facts

95.3
Cost of Living
below US average
938
Population
12.79
Crime Rate per 1000
below US average
$62,396
Median Income
below US average
$79,900
Median House Price
above US average
$1317
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
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 $62,396.

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Income Needed to Buy

βœ“ Affordable
$25k/year
Based on $79,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,396) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($62,396) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mentone, IN

Mentone is a small town located in Kosciusko County, Indiana. Nestled in the northern part of the state, it has a rich agricultural backdrop and is known for its serene landscapes and friendly community. With a population just under 1,000, Mentone embodies the charm of rural America. The town offers a quaint downtown area with local shops and eateries, reflecting its close-knit community vibe. It is recognized for its annual events, such as the Mentone Egg Festival, celebrating the area’s unique history and agricultural roots, including its status as the "Egg Basket of Indiana." Nearby, recreational opportunities abound with access to lakes and parks, making it a great location for outdoor enthusiasts. Mentone's proximity to larger cities like Warsaw and Plymouth provides residents with additional amenities while maintaining a peaceful, small-town atmosphere. Overall, Mentone combines small-town charm with agricultural heritage, making it a unique place to visit or live.

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