Quick facts: South bend, IN

Quick Facts

95.3
Cost of Living
below US average
103,110
Population
53.4
Crime Rate per 1000
above US average
$49,056
Median Income
below US average
$219,900
Median House Price
above US average
$1272.0
Average Rent
below US average
16%
Poverty Rate
above US average
5.2%
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 $49,056.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $219,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $49,056
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Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1272.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $49,056
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South bend, IN

South Bend is a vibrant city in northern Indiana, notably known as the home of the University of Notre Dame, which significantly influences the region's culture and economy. With a rich history rooted in the industrial revolution, the city has transformed from a manufacturing hub to a center for education, healthcare, and technology. Nestled along the St. Joseph River, South Bend boasts beautiful parks and recreational areas, including Howard Park and the scenic Riverwalk. The city's downtown area features a blend of historic architecture and modern amenities, with a variety of dining options, boutiques, and cultural attractions. South Bend offers a lineup of events throughout the year, from the renowned South Bend African American Arts Festival to the popular First Fridays, showcasing local artists and businesses. The city's diverse community celebrates its heritage through various festivals and events. With a low cost of living and a strong sense of community, South Bend is an attractive place for families and young professionals alike. Overall, it is a city that encapsulates a rich blend of history, culture, and modern living.

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