Cost of Living in Mondamin, IA
Housing
The housing market plays a significant role in determining the cost of living in Mondamin, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $115,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
When considering a move to Mondamin, IA, it's crucial to highlight the current housing situation. With a housing index of 94.2, there may be opportunities for investment or affordability, as indicated by the median home price of 115000. However, it's notable that both the average rent for a 2-bedroom apartment and a 2-bedroom house are currently at {$0}, which may suggest either an underdevelopment market or a shift to different housing arrangements in the area. It's advisable to explore available amenities and job opportunities to ensure a comprehensive decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mondamin, 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 Mondamin, 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 Mondamin is a financially viable option for your relocation.