Cost of Living in Bonanza, OR
Housing
The housing market plays a significant role in determining the cost of living in Bonanza, OR.
- Housing Index: 116.2 / 100
- Median Home Price is: $257,000
- Average Rent (2 BR Apartment): $1757 per month
- Average Rent (2 BR House): $1910 per month
When considering a move to Bonanza, OR, the housing market presents a moderate opportunity with a housing index of 116.2. The median home price of 257000 suggests affordability, especially with homeownership trending towards a recovery phase nationally. Renting an average 2-bedroom apartment at 1757 or a house at 1910 reflects the area's market dynamics. For those seeking long-term stability, purchasing a home may be advantageous. Always explore local amenities, job opportunities, and overall quality of life to ensure a fitting lifestyle match alongside these financial insights.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bonanza, 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 Bonanza, 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 Bonanza is a financially viable option for your relocation.