Cost of Living in Decatur, IN
Housing
The housing market plays a significant role in determining the cost of living in Decatur, IN.
- Housing Index: 85.0 / 100
- Median Home Price is: $197000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
In analyzing the housing market in Decatur, IN, we note a housing index of 85.0, indicating a reasonably diverse market. The median home price stands at 197000, offering an accessible entry point for buyers. However, with average rent for a 2-bedroom apartment at 800 and rental houses at 850, it suggests a potential preference for renting due to lower monthly costs. Additionally, consider local employment opportunities, schools, and amenities, as these factors can greatly influence your decision on whether to buy or rent in Decatur.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Decatur, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Decatur, 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 $200 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 Decatur is a financially viable option for your relocation.