Cost of Living in Lincoln city, OR
Housing
The housing market plays a significant role in determining the cost of living in Lincoln city, OR.
- Housing Index: 115.0 / 100
- Median Home Price is: $480,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Lincoln city, OR, it's important to evaluate the local housing market. With a housing index of 115.0, home prices and rents are notably higher than the national average. The median home price is set at 480000, making homeownership a considerable investment. Meanwhile, average rents for a 2-bedroom apartment and house are 1800 and 1840, respectively. This suggests a competitive rental market that could impact budget decisions. As you weigh your options, consider the potential additional costs of living in this area, alongside current market trends.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln city, OR.
- Electricity Price: $15.12 USD (median by state)
- Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Lincoln city, OR could entail higher utility costs. Electricity costs sit at $15.12, while natural gas is priced at $16.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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 Lincoln city is a financially viable option for your relocation.