Cost of Living in Shoals, IN
Housing
The housing market plays a significant role in determining the cost of living in Shoals, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
In Shoals, IN, the housing index of 91.1 indicates a moderately competitive market. With an average rent of 1317 for a 2-bedroom apartment and 1431 for a 2-bedroom house, affordability may vary depending on your financial situation. Notably, the median home price is reported as 0, suggesting that purchasing a home could present significant barriers. If you're considering moving, it might be worthwhile to weigh renting against a future home purchase, especially if prices continue to fluctuate. Always remember to consider local amenities and job opportunities as well.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shoals, 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 Shoals, 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 Shoals is a financially viable option for your relocation.