Cost of Living in Indianola, IA
Housing
The housing market plays a significant role in determining the cost of living in Indianola, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $256,000
- Average Rent (2 BR Apartment): $1021 per month
- Average Rent (2 BR House): $1110 per month
Considering relocating to Indianola, IA? The housing index currently stands at 94.2, indicating potential affordability challenges. The median home price is set at 256000, which may be attractive compared to larger metros. However, average rental prices for both a 2-bedroom apartment and house are currently reported as zero, suggesting a lack of inventory or market fluctuations. It’s crucial to explore local employment opportunities, schools, and community amenities to fully gauge whether this locale suits your lifestyle needs. Always factor in additional living costs to gain a clear perspective on your financial decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Indianola, 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 Indianola, 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 Indianola is a financially viable option for your relocation.