Cost of Living in Ketchum, ID
Housing
The housing market plays a significant role in determining the cost of living in Ketchum, ID.
- Housing Index: 101.6 / 100
- Median Home Price is: $644,000
- Average Rent (2 BR Apartment): $1574 per month
- Average Rent (2 BR House): $1711 per month
Considering a move to Ketchum, ID? With a housing index of 101.6, the market is relatively strong, suggesting a competitive environment. The median home price at 644000 marks it as a more expensive area, while the average rents for a 2-bedroom apartment at 1574 and a house at 1711 indicate the cost of living is significant. This investment may appeal to buyers seeking long-term appreciation, but renters should budget accordingly. Overall, assess your financial plans and lifestyle needs when contemplating this vibrant market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ketchum, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $246 per month
Living in Ketchum, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $246 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 Ketchum is a financially viable option for your relocation.