Cost of Living in Wilkinson, IN
Housing
The housing market plays a significant role in determining the cost of living in Wilkinson, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $174,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
In Wilkinson, IN, the housing index is currently reported at 91.1, indicating a less favorable market condition. The median home price stands at 174000, which could suggest a lower entry point for potential homebuyers compared to other markets. However, renters might find the absence of data on average rents for both 2-bedroom apartments and houses concerning. Generally, lower home prices could signify a home-buying opportunity but factor in local amenities and economic conditions. It's crucial to assess the overall lifestyle offerings in Wilkinson to ensure it's a good fit for your aspirations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wilkinson, 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 Wilkinson, 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 Wilkinson is a financially viable option for your relocation.