Cost of Living in Gary, MN
Housing
The housing market plays a significant role in determining the cost of living in Gary, MN.
- Housing Index: Data is updating
- Median Home Price is: $113,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the data for Gary, MN, we see a housing index of 0.0, indicating either an emerging market or insufficient data for comprehensive insights. With a median home price of 113000, this suggests an opportunity for affordable homeownership compared to other regions. However, the lack of rental prices suggests a need for further investigation into the rental market, which might imply a lower demand for rentals or significant market changes. Potential buyers or renters should consider local amenities, job opportunities, and future growth potential before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gary, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Gary, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 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 Gary is a financially viable option for your relocation.