Cost of Living in Chaffee, MO
Housing
The housing market plays a significant role in determining the cost of living in Chaffee, MO.
- Housing Index: 90.0 / 100
- Median Home Price is: $132,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering your move to Chaffee, MO, the data indicates a housing index of 90.0. With a median home price of 132000, purchasing may be more feasible than renting if you plan to stay long-term. The average rent for a 2-bedroom apartment is 1200, while renting a 2-bedroom house costs about 1280. These rental prices suggest a competitive rental market. Overall, investing in homeownership appears advantageous, especially in regions where stability and appreciation in value provide rational financial returns.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chaffee, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Chaffee, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 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 Chaffee is a financially viable option for your relocation.