Cost of Living in Redkey, IN
Housing
The housing market plays a significant role in determining the cost of living in Redkey, IN.
- Housing Index: Data is updating
- Median Home Price is: $125,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data for Redkey, IN, the housing index is quite low at 0.0, indicating potential affordability challenges. With a median home price of 125000, prospective buyers might find homeownership accessible. However, the absence of data for average rent for both 2-bedroom apartments and houses, averaging 0.0 and 0.0, suggests a lack of rental availability or inefficiency in the rental market. This could skew potential tenants' perspectives on moving to the area. Researching local amenities and community features could provide additional context for those contemplating relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Redkey, 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 Redkey, 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 Redkey is a financially viable option for your relocation.