Cost of Living in Caldwell, ID
Housing
The housing market plays a significant role in determining the cost of living in Caldwell, ID.
- Housing Index: 99.5 / 100
- Median Home Price is: $360000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1596 per month
Analyzing the real estate data for Caldwell, ID, the housing index stands at 99.5, indicating a slightly lower-than-average market condition. With a median home price of 360000, purchasing a home might appeal to long-term residents, while the average rent for a 2-bedroom apartment ($1500) and house ($1596) indicates a relatively affordable rental market. Considering the balance between renting and buying in the current market is essential. Keep in mind that local amenities and economic growth can also significantly impact your living experience in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Caldwell, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Caldwell, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 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 Caldwell is a financially viable option for your relocation.