Cost of Living in Watkins, IA
Housing
The housing market plays a significant role in determining the cost of living in Watkins, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Based on the provided data for Watkins, IA, it appears that the housing market is currently exhibiting signs of stagnation, with a housing index of 94.2, and no recorded values for median home price or rental costs for 2-bedroom apartments and houses. This could indicate a lack of available inventory or challenges in the market. It's essential to consider other factors such as job opportunities, quality of local schools, and amenities when weighing the decision to move. Understanding the broader context and potential future developments in the area may also help in making a well-informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Watkins, 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 Watkins, 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 Watkins is a financially viable option for your relocation.