Cost of Living in Goshen, IN
Housing
The housing market plays a significant role in determining the cost of living in Goshen, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $212,000
- Average Rent (2 BR Apartment): $924 per month
- Average Rent (2 BR House): $1004 per month
In analyzing the real estate data for Goshen, IN, the housing index of 91.1 suggests a relatively affordable market. The median home price of 212000 is favorable for prospective buyers, particularly compared to the average rent of 924 for a 2-bedroom apartment and 1004 for a 2-bedroom house. This affordability could make purchasing rather than renting an enticing option. Additionally, consider the local job market and amenities in Goshen that may affect long-term value and lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Goshen, 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 Goshen, 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 Goshen is a financially viable option for your relocation.