Cost of Living in Collins, IA
Housing
The housing market plays a significant role in determining the cost of living in Collins, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $139,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
In evaluating the housing situation in Collins, IA, a notable feature is the median home price of 139000. Despite the housing index being 94.2, which suggests limited housing market activity, it's important to consider that the low price can indicate potential opportunities for homebuyers seeking affordability. However, substantial data lacks for average rent, specifically for 2-bedroom apartments and houses, signaling the need for further insights into current rental trends. Family-friendly amenities, quality of schools, and overall livability will be influential factors to consider in your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Collins, 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 Collins, 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 Collins is a financially viable option for your relocation.