Cost of Living in Banks, OR
Housing
The housing market plays a significant role in determining the cost of living in Banks, OR.
- Housing Index: 116.2 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1757 per month
- Average Rent (2 BR House): $1910 per month
The data for Banks, OR suggests an ambiguous housing market with a housing index of 116.2. The median home price stands at 0, indicating a barrier for potential buyers looking to invest. Additionally, the average rents for a 2-bedroom apartment and house are seemingly nonexistent, at 1757 and 1910 respectively, which might imply limited rental options. This scenario could reflect potential issues in market demand or availability. Before making a decision, consider investigating local amenities, job opportunities, and long-term growth potential to make a well-informed choice.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Banks, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $248 per month
Living in Banks, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $248 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 Banks is a financially viable option for your relocation.