Cost of Living in Runnells, IA
Housing
The housing market plays a significant role in determining the cost of living in Runnells, IA.
- Housing Index: Data is updating
- Median Home Price is: $231,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your data for Runnells, IA, the housing market appears significantly favorable at first glance. With a median home price of 231000, potential buyers may find reasonable entry points when compared to national averages. However, the zero values for the housing index, average rent for a 2BR apartment, and average rent for a 2BR house indicate a lack of available rental properties, potentially reflecting a low market activity or saturation. This market condition may present opportunities for buyers looking to invest or settle long-term, ensuring they avoid inflated rental costs often seen in competitive cities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Runnells, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Runnells, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 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 Runnells is a financially viable option for your relocation.