Cost of Living in Oakland, IA
Housing
The housing market plays a significant role in determining the cost of living in Oakland, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Analyzing the housing data for Oakland, IA, it appears that the 94.2 is currently at 0.0. While the median home price stands at a relatively affordable 180000, both the average rent for a 2-bedroom apartment and house are also at 0.0, potentially indicating a lack of rental options in the area. This could be an opportunity for buyers looking to invest in a property, but it raises questions about housing availability. Comprehensive market trends should be reviewed to fully assess the area's potential for growth and livability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oakland, 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 Oakland, 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 Oakland is a financially viable option for your relocation.