Cost of Living in Melbourne, IA
Housing
The housing market plays a significant role in determining the cost of living in Melbourne, IA.
- Housing Index: Data is updating
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Melbourne, IA? With a median home price of 220000 and an overall housing index of 0.0, the area presents an intriguing opportunity for homebuyers. While average rent for a 2-bedroom apartment is currently listed at 0.0, finding rental options could be challenging with both rent figures showing $0. If you are seeking affordability, exploring this market now could lead to beneficial prospects, particularly since home prices can fluctuate with demand. It's wise to further investigate local amenities, schools, and overall livability to inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Melbourne, 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 Melbourne, 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 Melbourne is a financially viable option for your relocation.