Cost of Living in Granger, IA
Housing
The housing market plays a significant role in determining the cost of living in Granger, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $280,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
In Granger, IA, the current housing index is at an all-time low of 94.2, indicating limited rental competition and potentially favorable buying conditions. With a median home price of 280000, homeownership may be attainable for many. However, the absence of average rent data—both for 2-bedroom apartments and houses—suggests a highly variable rental market that could reflect broader economic trends. Conducting further research on local amenities and neighborhood dynamics is crucial, particularly for families or individuals seeking long-term stability in housing options. Consider these angles as you make your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Granger, 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 Granger, 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 Granger is a financially viable option for your relocation.