Cost of Living in Ringsted, IA
Housing
The housing market plays a significant role in determining the cost of living in Ringsted, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $109,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
When considering a move to Ringsted, IA, it's crucial to note the housing situation. The current housing index seems uncertain at 94.2, with a median home price averaging around 109000. While the market’s state regarding rental assuming an equal balance is unclear, it's important to explore how these prices compare to the broader market, as they can indicate affordability and overall livability. Understanding local job opportunities, quality of schools and amenities can provide further context. Overall, these factors will play a significant role in influencing your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ringsted, 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 Ringsted, 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 Ringsted is a financially viable option for your relocation.