Cost of Living in Cedar lake, IN
Housing
The housing market plays a significant role in determining the cost of living in Cedar lake, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Cedar lake, IN, it's important to note that the population stands at , fostering a close-knit community feel. With a median age of , you can expect a blend of youthful energy and experienced insights. The town boasts a strong median income of , indicating a stable economy and purchasing power. Additionally, only % live below the poverty level, while the unemployment rate is a respectable %. These factors, along with a significant % of families contributing to local stability, make Cedar lake a compelling choice for potential residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cedar lake, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Cedar lake, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable 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 Cedar lake is a financially viable option for your relocation.