Cost of Living in Roanoke, IN
Housing
The housing market plays a significant role in determining the cost of living in Roanoke, IN.
- Housing Index: Data is updating
- Median Home Price is: $258,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Roanoke, IN, it's important to analyze the local housing market. The current housing index stands at 0.0, but the median home price of 258000 suggests potential for appreciation. With no data available on average rents for a 2-bedroom apartment and house — both listed as 0.0 and 0.0 — tenants might find it hard to gauge rental affordability. Keep an eye on local economic trends and employment opportunities, as these will significantly influence future housing markets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Roanoke, 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 Roanoke, 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 Roanoke is a financially viable option for your relocation.