Cost of Living in Bancroft, ID
Housing
The housing market plays a significant role in determining the cost of living in Bancroft, ID.
- Housing Index: 90.0 / 100
- Median Home Price is: $238,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1500 per month
Considering a move to Bancroft, ID? The housing index stands at 90.0, indicating relatively affordable options compared to the national average. With a median home price of 238000, purchasing a home here may offer long-term financial savings. Additionally, average rents of 1400 for a 2-bedroom apartment and 1500 for a house provide flexibility for renters. It's essential to consider employment opportunities, local amenities, and community atmosphere, as these factors significantly influence overall satisfaction in your new home. Make an informed choice for your next chapter!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bancroft, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Bancroft, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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 Bancroft is a financially viable option for your relocation.