Cost of Living in Anderson, IN
Housing
The housing market plays a significant role in determining the cost of living in Anderson, IN.
- Housing Index: 95.0 / 100
- Median Home Price is: $185000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Anderson, IN? With a housing index of 95.0, this area is relatively affordable compared to the national average. Homebuyers can find a median home price of 185000, making it accessible for first-time buyers. Additionally, rental options are reasonable, with an average rent of 1200 for a 2-bedroom apartment and 1280 for a house, suggesting it's a viable option for families or young professionals. Keep in mind that trends might vary with seasonal fluctuations in the housing market, but overall, it seems like a promising place to consider for relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Anderson, IN.
- Electricity Price: 14.89 USD (median by state)
- Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Anderson, IN could entail higher utility costs. Electricity costs sit at 14.89, while natural gas is priced at None 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 Anderson is a financially viable option for your relocation.