Cost of Living in Utica, NY
Housing
The housing market plays a significant role in determining the cost of living in Utica, NY.
- Housing Index: 110.0 / 100
- Median Home Price is: $160,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1235 per month
Considering a move to Utica, NY? The current housing index is 110.0, indicating that housing is slightly above the national average. With a median home price of 160000 and average rents of 1200 for a 2-bedroom apartment and 1235 for a house, it’s essential to weigh your options carefully. While purchasing a home could be a worthwhile investment given the growth potential in the area, renting may offer more flexibility, especially if you are unsure about your long-term plans. Always consider local job markets and amenities when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Utica, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Utica, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 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 Utica is a financially viable option for your relocation.