Cost of Living in Cornell, WI
Housing
The housing market plays a significant role in determining the cost of living in Cornell, WI.
- Housing Index: 99.2 / 100
- Median Home Price is: $182,000
- Average Rent (2 BR Apartment): $1325 per month
- Average Rent (2 BR House): $1440 per month
When considering a move to Cornell, WI, the housing costs demonstrate a notably balanced environment with a housing index of 99.2 while keeping the median home price at a reasonable 182000. The average rents for a 2-bedroom apartment and house—1325 and 1440 respectively—indicate an affordable rental market, especially relative to the home buying prices. This suggests that Cornell may be a suitable option for both renters and homebuyers. It's also important to consider local amenities, job opportunities, and community resources for a full decision-making picture.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cornell, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $231 per month
Living in Cornell, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $231 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 Cornell is a financially viable option for your relocation.