Cost of Living in Bonifay, FL
Housing
The housing market plays a significant role in determining the cost of living in Bonifay, FL.
- Housing Index: 110.9 / 100
- Median Home Price is: $198,000
- Average Rent (2 BR Apartment): $2141 per month
- Average Rent (2 BR House): $2327 per month
In analyzing the real estate landscape of Bonifay, FL, we see a notable median home price of 198000, which suggests it could be an attractive option for buyers seeking affordable ownership possibilities. However, the housing index of 110.9 and the reported rents for both 2-bedroom apartments 2141 and houses 2327 emerging as $0 could indicate a lack of market activity, potentially leading to limited rental choices. It's essential to investigate local economic conditions and amenities before making a relocating decision, ensuring you're well-informed about the true cost of living and housing availability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bonifay, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $243 per month
Living in Bonifay, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $243 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 Bonifay is a financially viable option for your relocation.