Cost of Living in Springport, IN
Housing
The housing market plays a significant role in determining the cost of living in Springport, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $120,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
Considering the data for Springport, IN, it appears that the housing index indicates a neutral or balanced market at 91.1. With a median home price of 120000, homeownership may be accessible for many buyers. However, the absence of data regarding the average rent for a 2-bedroom apartment (1317) and house (1431) raises concerns about rental availability and trends. Potential newcomers should investigate local amenities and job prospects, as they can significantly affect both housing demand and the overall quality of life in Springport.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Springport, 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 Springport, 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 Springport is a financially viable option for your relocation.