Cost of Living in Economy, IN
Housing
The housing market plays a significant role in determining the cost of living in Economy, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $126,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
Considering a move to Economy, IN? The median home price stands at a surprisingly affordable 126000, making homeownership appealing, especially for first-time buyers. However, the housing index of 91.1 indicates possible market challenges that could influence future property values. With both average rents for a 2-bedroom apartment and house currently at 1317 and 1431, respectively, it's vital to assess your long-term plans. Think about job opportunities and community amenities to ensure that this affordable housing market aligns with your lifestyle goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Economy, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Economy, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 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 Economy is a financially viable option for your relocation.