Cost of Living in Fayette, IA
Housing
The housing market plays a significant role in determining the cost of living in Fayette, IA.
- Housing Index: Data is updating
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data for Fayette, IA, the housing index currently stands at 0.0, indicating market stability. With a median home price of 185000, buying a home may be a viable option for potential residents. However, the zero values for average rent suggest either a lack of rental listings or an emerging market where renters are scarce. It’s vital to research local amenities and employment opportunities since a low median rent may signal unmet demand. Consider these aspects alongside housing data when making your decision about moving.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fayette, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Fayette, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 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 Fayette is a financially viable option for your relocation.