Cost of Living in Mediapolis, IA
Housing
The housing market plays a significant role in determining the cost of living in Mediapolis, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $224,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Considering your interest in Mediapolis, IA, the housing index currently stands at 94.2, which may indicate stagnant or limited housing market activity. With a median home price of 224000, acquiring property might present a feasible option. However, both average rents for 2-bedroom apartments and houses are currently at 1132 and 1230, respectively, suggesting possible affordability variances worth exploring. Given these factors, it’s essential to evaluate local job opportunities and amenities, which can further impact your decision. The climate and community aspects are also crucial for overall satisfaction in your new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mediapolis, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Mediapolis, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 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 Mediapolis is a financially viable option for your relocation.