Cost of Living in Drakesville, IA
Housing
The housing market plays a significant role in determining the cost of living in Drakesville, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $115,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
In considering a move to Drakesville, IA, let’s examine the housing market. With a housing index of 94.2, it indicates either an emerging market or one with unique affordability challenges. The median home price is a remarkably low 115000, suggesting favorable conditions for buyers. However, with average rents for a 2-bedroom apartment and house currently at 1132 and 1230 respectively, it raises questions about the market's stability. Research local job opportunities and amenities, as they are crucial for determining the overall livability of the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Drakesville, 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 Drakesville, 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 Drakesville is a financially viable option for your relocation.