Cost of Living in Gates mills, OH
Housing
The housing market plays a significant role in determining the cost of living in Gates mills, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $606,000
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1481 per month
In analyzing the housing data for Gates mills, OH, we see a median home price of 606000. However, with a housing index score of 91.8, there appears to be a lack of affordable rental options, as both the average rent for a 2-bedroom apartment and a 2-bedroom house are listed at $0. This suggests a potential data gap or market challenges. As the real estate market continues to fluctuate, it's essential to assess additional factors such as market trends, property appreciation potential, and proximity to amenities to make a well-informed decision on moving.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gates mills, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Gates mills, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $229 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 Gates mills is a financially viable option for your relocation.