Cost of Living in Cottonwood, ID
Housing
The housing market plays a significant role in determining the cost of living in Cottonwood, ID.
- Housing Index: Data is updating
- Median Home Price is: $263,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Cottonwood, ID, the housing landscape shows a promising opportunity with a median home price of 263000. Interestingly, the housing index currently stands at 0.0, which might indicate economic challenges or a lack of available data points. However, the absence of average rent rates for both a 2BR apartment and a 2BR house suggests potential undiscovered opportunities in rental markets. Buyers might explore purchasing homes given the median price, while renters could find it advantageous to wait for a more stable rental market to develop. Looking at regional economic trends, such as job growth and local amenities, will further enhance your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cottonwood, 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.): Data is updating
Living in Cottonwood, 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 data unavailable 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 Cottonwood is a financially viable option for your relocation.