Cost of Living in Farnhamville, IA
Housing
The housing market plays a significant role in determining the cost of living in Farnhamville, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $120,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
When considering a move to Farnhamville, IA, you’ll find the housing market appears unique based on the given data. The housing index is currently at 94.2, suggesting potentially favorable conditions for buyers. With a median home price of 120000, purchasing property may be within reach, especially compared to many U.S. locations. However, the absence of rental data, specifically the average rent for a 2-bedroom apartment and house, implies a lack of insights into the rental market. Research local trends and economic factors before making your decision, as the overall cost of living is a critical aspect of the transition.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Farnhamville, 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 Farnhamville, 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 Farnhamville is a financially viable option for your relocation.