Cost of Living in Altoona, IA

Housing

The housing market plays a significant role in determining the cost of living in Altoona, IA.

• Housing Index: 90.0 / 100
• Median Home Price is: $218000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Looking at the data for Altoona, IA, it appears the housing index is relatively affordable at 90.0. With the median home price at 218000, owning a home could be a realistic option for many residents. Additionally, the average rent for a 2-bedroom apartment at 1200 and a house at 1280 reflects a competitive rental market that may attract both newcomers and local renters. However, considering job opportunities and amenities is vital for assessing overall livability. A well-rounded view can contribute greatly to your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Altoona, 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.): $250 per month

Living in Altoona, 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 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $89100

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Altoona, IA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.