Cost of Living in Old monroe, MO
Housing
The housing market plays a significant role in determining the cost of living in Old monroe, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
Considering the data for Old monroe, MO, we observe a median home price of 150000. This suggests affordability, especially if you're looking to buy a home as opposed to renting. However, the housing index of 89.1 indicates potential challenges in the local market, possibly suggesting a lack of available rental options or lower demand. With both average rents at zero, it’s imperative to investigate further—this might represent a rapidly changing rental market. Always weigh factors like local amenities and community, as these profoundly affect your living experience and property value in the long run.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Old monroe, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Old monroe, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 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 Old monroe is a financially viable option for your relocation.