Cost of Living in Spencer, OH
Housing
The housing market plays a significant role in determining the cost of living in Spencer, OH.
- Housing Index: Data is updating
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Spencer, OH? The current housing index stands at 0.0, indicating a potentially favorable market for home buyers. With a median home price of just 175000, this area may offer affordable homeownership options. However, rental options are currently non-existent with average rent for a 2-bedroom apartment and house both at 0.0, suggesting either tight rental inventory or market stagnation. It's essential to weigh these factors against local amenities, job opportunities, and lifestyle preferences to make an informed decision about your potential relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Spencer, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Spencer, 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 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 Spencer is a financially viable option for your relocation.