Cost of Living in Hanna, IN
Housing
The housing market plays a significant role in determining the cost of living in Hanna, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $112,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
In analyzing the data for Hanna, IN, we find a worrying trend with a housing index of 91.1, indicating a lack of availability or affordability in the market. The median home price stands at 112000, which is remarkably low compared to national averages, yet reflects a potentially stagnant market. Unfortunately, the average rent for both a 2-bedroom apartment and a 2-bedroom house is non-existent in this dataset; this could suggest a higher vacancy rate or an oversupply of homes. Understanding these factors is crucial for potential buyers and renters looking to make well-informed decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hanna, 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 Hanna, 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 Hanna is a financially viable option for your relocation.