Cost of Living in Rensselaer, IN
Housing
The housing market plays a significant role in determining the cost of living in Rensselaer, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $205,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
When considering a move to Rensselaer, IN, the housing index currently stands at 91.1. The median home price of 205000 suggests a moderately affordable entry point for potential homeowners. However, the data on average rents for a 2-bedroom apartment and a 2-bedroom house indicates a need for more information, as both are listed as zero. This could imply a lack of availability or recent listings. Researching local rental markets further would be prudent to gauge the full housing landscape before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rensselaer, 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 Rensselaer, 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 Rensselaer is a financially viable option for your relocation.