Cost of Living in Monrovia, IN
Housing
The housing market plays a significant role in determining the cost of living in Monrovia, IN.
- Housing Index: Data is updating
- Median Home Price is: $188,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Monrovia, IN? The median home price of 188000 suggests it could be an affordable option for homebuyers, particularly if housing index is 0, potentially indicating little market competition. However, the absence of data for average rent on both a 2BR apartment and house raises questions about rental opportunities in the area. Before making a decision, it would be prudent to investigate local amenities, job market conditions, and overall living expenses to ensure that this location meets your long-term needs and lifestyle preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monrovia, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Monrovia, 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 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 Monrovia is a financially viable option for your relocation.