Cost of Living in Lava hot springs, ID
Housing
The housing market plays a significant role in determining the cost of living in Lava hot springs, ID.
- Housing Index: 101.6 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1574 per month
- Average Rent (2 BR House): $1711 per month
Considering a move to Lava hot springs, ID? The housing index at 101.6 indicates a moderately priced market relative to the national average. With a median home price of 250000 and average rents of 1574 for apartments and 1711 for houses, it's clear that housing costs are accessible for many. Keep in mind the potential for future appreciation, as many cities with similar housing indices have seen growth. If you're looking for a balance of quality of life and affordability, this area could hit the sweet spot for your next home!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lava hot springs, 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 Lava hot springs, 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 Lava hot springs is a financially viable option for your relocation.