Cost of Living in Lockwood, MO
Housing
The housing market plays a significant role in determining the cost of living in Lockwood, MO.
- Housing Index: 85.0 / 100
- Median Home Price is: $162,500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Considering a move to Lockwood, MO? The housing market there shows a housing index of 85.0, indicating relative affordability. With a median home price of 162500, purchasing a home could be a sound investment, especially compared to national averages. Renting appears reasonable as well, with average rent for a 2-bedroom apartment at 1200 and for a house at 1240. It's essential to explore the local amenities, job market, and growth potential, as these factors significantly impact your living experience and long-term financial health.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lockwood, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Lockwood, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 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 Lockwood is a financially viable option for your relocation.