Cost of Living in Montpelier, ID
Housing
The housing market plays a significant role in determining the cost of living in Montpelier, ID.
- Housing Index: 101.6 / 100
- Median Home Price is: $293,500
- Average Rent (2 BR Apartment): $1574 per month
- Average Rent (2 BR House): $1711 per month
When considering a move to Montpelier, ID, it’s important to note the favorable housing index of 101.6, which indicates affordability. The median home price here is relatively reasonable at 293500, making it an appealing market for potential homeowners. Additionally, rents are quite manageable, with average costs for a 2-bedroom apartment at 1574 and a 2-bedroom house at 1711. With these figures, it's worth noting that securing housing in Montpelier can provide a comforting balance between budget and quality living, certainly worth considering for your next move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montpelier, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $246 per month
Living in Montpelier, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $246 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 Montpelier is a financially viable option for your relocation.