Cost of Living in Madisonburg, PA
Housing
The housing market plays a significant role in determining the cost of living in Madisonburg, PA.
- Housing Index: 100.9 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1511 per month
- Average Rent (2 BR House): $1642 per month
In Madisonburg, PA, the housing index currently stands at 100.9, which makes it an attractive option for prospective residents. The median home price of 150000 suggests affordability, especially for first-time homebuyers seeking value. However, with average rents for a 2-bedroom apartment and house both at 1511 and 1642 respectively, it’s essential to consider the rental market dynamics. While purchasing may be appealing, you should weigh the long-term benefits and drawbacks of investing in a home versus renting in this locale before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madisonburg, PA.
- Electricity Price: $17.68 USD (median by state)
- Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $241 per month
Living in Madisonburg, PA could entail higher utility costs. Electricity costs sit at $17.68, while natural gas is priced at $17.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $241 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 Madisonburg is a financially viable option for your relocation.