Cost of Living in Farmland, IN
Housing
The housing market plays a significant role in determining the cost of living in Farmland, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
In analyzing the market data for Farmland, IN, we note a housing index of 91.1, reflecting a relatively affordable housing landscape. While the median home price stands at 0, suggesting limited availability or market activity, rental options exist with an average rent of 1317 for a 2-bedroom apartment and 1431 for a 2-bedroom house. This indicates a rental market likely catering to newcomers or those not ready to purchase. Overall, whether you choose to rent or are considering buying, the data suggests a favorable cost of living balance in this area, making it a noteworthy option for relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Farmland, 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 Farmland, 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 Farmland is a financially viable option for your relocation.