Cost of Living in Glenwood, IA
Housing
The housing market plays a significant role in determining the cost of living in Glenwood, IA.
- Housing Index: 85.0 / 100
- Median Home Price is: $209,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering moving to Glenwood, IA? With a housing index of 85.0, it's quite favorable for both renters and buyers. The median home price stands at 209000, which is lower than many urban areas, indicating potential for equity growth. Average rents of 1200 for a 2-bedroom apartment and 1360 for a house reflect a balanced rental market. Such affordability often attracts families and young professionals alike. Overall, residents can savor a vibrant lifestyle without an overwhelming financial burden, making Glenwood an enticing option for your next home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Glenwood, 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.): $250 per month
Living in Glenwood, 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 $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 Glenwood is a financially viable option for your relocation.