Cost of Living in Martinsville, IN
Housing
The housing market plays a significant role in determining the cost of living in Martinsville, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $190,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
If you're considering a move to Martinsville, IN, the housing market here exhibits a promising index of 91.1, indicating affordability compared to national averages. The median home price is relatively low at 190000, making purchasing an option worth exploring. Renters can also find competitive deals, with average rents for a 2-bedroom apartment at 1317 and a house at 1431. Overall, the cost of living appears manageable, allowing for a comfortable lifestyle alongside potential property investment opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Martinsville, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Martinsville, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 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 Martinsville is a financially viable option for your relocation.