Cost of Living in Fairbanks, IN
Housing
The housing market plays a significant role in determining the cost of living in Fairbanks, IN.
- Housing Index: Data is updating
- Median Home Price is: $160,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the current data for Fairbanks, IN, a median home price of 160000 indicates a suitable market for homebuyers, especially if the housing index is at 0.0. However, as average rents for both 2BR apartments and houses are reflecting 0.0 and 0.0, this suggests either a lack of rental options or potential for rental growth. Considering the surrounding area's cost of living, access to amenities, and job opportunities will also play a crucial role in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairbanks, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Fairbanks, 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 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 Fairbanks is a financially viable option for your relocation.