Cost of Living in Marcola, OR
Housing
The housing market plays a significant role in determining the cost of living in Marcola, OR.
- Housing Index: 116.2 / 100
- Median Home Price is: $391,000
- Average Rent (2 BR Apartment): $1757 per month
- Average Rent (2 BR House): $1910 per month
Based on the provided data for Marcola, OR, the housing index reflects a challenging environment, with a median home price of 391000 indicating a high entry point for home buyers. With zero reported averages for 2-bedroom apartments and houses, it's vital to consider external factors such as job market stability and community amenities to gauge affordability comprehensively. This contrasts with the rising trend of remote work, which may influence rental demand and investing opportunities in the area. An informed decision here hinges on both market data and personal financial circumstances.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marcola, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $248 per month
Living in Marcola, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $248 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 Marcola is a financially viable option for your relocation.