Cost of Living in Charlotte, IA
Housing
The housing market plays a significant role in determining the cost of living in Charlotte, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $211,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Analyzing the housing data for Charlotte, IA, we see a median home price of 211000. While the housing index is currently at 94.2, this suggests a favorable market for buyers. However, average rents for a 2-bedroom apartment and house are currently unavailable at 1132 and 1230. It's crucial to consider additional living costs such as utilities and local taxes when evaluating your move. Overall, if you're looking for homeownership opportunities, it might be an excellent time to consider purchasing property in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Charlotte, 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 Charlotte, 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 Charlotte is a financially viable option for your relocation.