Cost of Living in Hobart, NY
Housing
The housing market plays a significant role in determining the cost of living in Hobart, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $186,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
Considering a move to Hobart, NY? The housing index currently stands at 118.8, indicating potential affordability issues. With the median home price at 186000, purchasing a home could be attractive for those looking to invest in their future. However, be aware that rental options may be limited, as both the average rents for a 2-bedroom apartment and house are reported at 2943 and 3199, respectively, denoting possible discrepancies in the market. Engaging with local real estate trends could offer better insights.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hobart, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Hobart, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 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 Hobart is a financially viable option for your relocation.