Cost of Living in Algoma, WI
Housing
The housing market plays a significant role in determining the cost of living in Algoma, WI.
- Housing Index: Data is updating
- Median Home Price is: $167,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Algoma, WI? The current housing index suggests a stable market, with the median home price at a competitive 167000. However, the data indicates that the average rent for both a 2-bedroom apartment and a 2-bedroom house is currently listed as zero, implying a lack of available rental options. This might signal either a robust buying opportunity or a shortage in rental inventory. It's essential to weigh the appealing home purchasing options against possible rental challenges as you make your decision. Areas with lower rates often indicate a lower cost of living but can pose difficulties for tenants.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Algoma, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Algoma, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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 Algoma is a financially viable option for your relocation.