Cost of Living in Mishawaka, IN
Housing
The housing market plays a significant role in determining the cost of living in Mishawaka, IN.
- Housing Index: 85.0 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $968 per month
Considering the data for Mishawaka, IN, the housing index stands at 85.0, indicating affordability in contrast to national averages. The median home price of 185000 suggests an entry point for homeownership that's accessible for many buyers. Additionally, average rent for a 2-bedroom apartment is 960, slightly lower than that for a 2-bedroom house at 968. This combined information highlights a balanced rental market that can cater to diverse preferences, enriching the decision-making process for potential movers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mishawaka, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Mishawaka, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable 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 Mishawaka is a financially viable option for your relocation.