Cost of Living in Iuka, MS
Housing
The housing market plays a significant role in determining the cost of living in Iuka, MS.
- Housing Index: 86 / 100
- Median Home Price is: $115,000
- Average Rent (2 BR Apartment): $1309 per month
- Average Rent (2 BR House): $1423 per month
When considering a move to Iuka, MS, the housing situation appears incredibly favorable. With a median home price of 115000, it represents an affordable option for homebuyers. Although the housing index is notably low at 86, indicating potential availability issues, investment opportunities may arise. Renting also seems underwhelming with both average rents for a 2BR apartment and a 2BR house sitting at zero, raising concerns about rental market activity. Prospective residents should be watchful of any emerging developments that could impact these figures. Ultimately, budgeting carefully for property ownership could be beneficial here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Iuka, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $207 per month
Living in Iuka, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $207 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 Iuka is a financially viable option for your relocation.