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: $295000
• 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: $None USD per Thousand Cubic Feet (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 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 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: $84444

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.

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Summary

When considering a move to Cedar lake, IN, 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.