Cost of Living in Elsinore, UT
Housing
The housing market plays a significant role in determining the cost of living in Elsinore, UT.
- Housing Index: 108.8 / 100
- Median Home Price is: $346,000
- Average Rent (2 BR Apartment): $1774 per month
- Average Rent (2 BR House): $1928 per month
In analyzing the data for Elsinore, UT, the current housing situation reveals a housing index of 108.8, indicating strong affordability factors. The median home price stands at 346000, which is competitive given the fluctuating real estate market in many regions. However, it’s worth noting that there are currently no average rental prices provided for 2-bedroom apartments or houses, suggesting a potential shortage or opportunity to negotiate depending on demand. This could be an inviting market for buyers looking to invest immediately, balancing long-term market growth and potential rental opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elsinore, UT.
- Electricity Price: $11.5 USD (median by state)
- Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Elsinore, UT could entail higher utility costs. Electricity costs sit at $11.5, while natural gas is priced at $14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 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 Elsinore is a financially viable option for your relocation.