Cost of Living in Bangor, WI
Housing
The housing market plays a significant role in determining the cost of living in Bangor, WI.
- Housing Index: 99.2 / 100
- Median Home Price is: $189,000
- Average Rent (2 BR Apartment): $1325 per month
- Average Rent (2 BR House): $1440 per month
In Bangor, WI, the housing index shows a concerning figure of 99.2, indicating affordability issues in the area. The median home price stands at 189000, which is competitive but needs to be weighed against the minimal rental data available with average rents for 2BR apartments and houses both recorded at 1325 and 1440. This could suggest a potential lack of rental inventory, which may push buyers toward home purchases. Researching trends in job growth and local amenities could further aid in making an informed decision about relocating to Bangor.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bangor, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $231 per month
Living in Bangor, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $231 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 Bangor is a financially viable option for your relocation.