Cost of Living in Altoona, IA
Housing
The housing market plays a significant role in determining the cost of living in Altoona, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $218,000
- Average Rent (2 BR Apartment): $1397 per month
- Average Rent (2 BR House): $1519 per month
Looking at the data for Altoona, IA, it appears the housing index is relatively affordable at 94.2. With the median home price at 218000, owning a home could be a realistic option for many residents. Additionally, the average rent for a 2-bedroom apartment at 1397 and a house at 1519 reflects a competitive rental market that may attract both newcomers and local renters. However, considering job opportunities and amenities is vital for assessing overall livability. A well-rounded view can contribute greatly to your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Altoona, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Altoona, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Altoona is a financially viable option for your relocation.