Cost of Living in New haven, IN
Housing
The housing market plays a significant role in determining the cost of living in New haven, IN.
- Housing Index: 85.0 / 100
- Median Home Price is: $174,300
- Average Rent (2 BR Apartment): $1280 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to New haven, IN? With a housing index of 85.0, this area appears to be relatively affordable compared to other regions. The median home price of 174300 suggests that buying may be more viable for those entering the property market. Renters will find the average rent for a 2-bedroom apartment at 1280 and a 2-bedroom house at 1360 competitively priced. Overall, with diverse housing options available, this locale could represent a smart investment for both renters and buyers alike, especially given the rising trends in the real estate market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New haven, 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 New haven, 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 New haven is a financially viable option for your relocation.