Cost of Living in Norwalk, OH
Housing
The housing market plays a significant role in determining the cost of living in Norwalk, OH.
- Housing Index: 88.0 / 100
- Median Home Price is: $145,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Analyzing the housing market in Norwalk, OH, the current housing index sits at 88.0—indicating a balanced approach to home affordability. With a median home price of 145000, homeownership offers significant investment potential compared to the average rent for a 2-bedroom apartment (£1200) and house (£1240). Additionally, given the rising interest rates and trends toward remote working, many are seeking more affordable housing options. Ultimately, homes here present an enticing opportunity for buyers looking to establish long-term roots while benefiting from a stable community environment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norwalk, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Norwalk, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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 Norwalk is a financially viable option for your relocation.