Cost of Living in Essex, IA
Housing
The housing market plays a significant role in determining the cost of living in Essex, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $109,500
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Considering a move to Essex, IA? With a median home price of 109500, the housing landscape appears affordable. However, the absence of rental prices for 2-bedroom apartments and houses indicates a heavily skewed market or potential development opportunities. Generally, areas with low home prices can attract diverse communities and spur redevelopment, allowing for potential appreciation over time. It's essential to investigate local amenities, employment opportunities, and community vibe, as these factors often lead to stable long-term investment and quality of life improvements.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Essex, 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 Essex, 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 Essex is a financially viable option for your relocation.