Cost of Living in Davenport, IA
Housing
The housing market plays a significant role in determining the cost of living in Davenport, IA.
- Housing Index: 90.0 / 100
- Median Home Price is: $205,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1250 per month
When analyzing the housing market in Davenport, IA, the housing index of 90.0 suggests that it's relatively affordable compared to national averages. The median home price of 205000 indicates a solid entry point for homebuyers seeking investment opportunities. Additionally, average rents for a 2BR apartment at 1200 and a house at 1250 present viable options for renters. As a consideration, assess local job growth and community amenities to ensure a balanced decision that aligns with your lifestyle and budget preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Davenport, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Davenport, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 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 Davenport is a financially viable option for your relocation.