Cost of Living in Portage, IN
Housing
The housing market plays a significant role in determining the cost of living in Portage, IN.
- Housing Index: 95.0 / 100
- Median Home Price is: $210,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Analyzing the data for Portage, IN reveals a favorable housing index of 95.0, suggesting a reasonable cost of living compared to the national average. With a median home price of 210000, purchasing may be a viable option for many potential buyers. Rents reflect the local market dynamics, with the average rent for a 2-bedroom apartment at 1200 and a house at 1280. These rates indicate an availability of rental options, making it a pragmatic choice for those not ready to buy immediately. Overall, Portage offers both affordability and variety in housing choices.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Portage, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Portage, 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 $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 Portage is a financially viable option for your relocation.