Cost of Living in Oolitic, IN
Housing
The housing market plays a significant role in determining the cost of living in Oolitic, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $132,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
Based on the data for Oolitic, IN, the median home price sits at an attractive 132000, suggesting a potentially affordable entry point for buyers. However, with a housing index of 91.1, which indicates a lack of market data or instability, caution is advised. The absence of rental data (1317 for apartments and 1431 for houses) suggests limited options in the rental market. It's essential to explore neighborhood trends and amenities as you weigh the advantages of homeownership against possible rental challenges in Oolitic.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oolitic, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Oolitic, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 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 Oolitic is a financially viable option for your relocation.