The housing market plays a significant role in determining the cost of living in Fairfield, IA.
In analyzing the housing market for Fairfield, IA, the housing index stands at 85.3, indicating a relatively affordable market in comparison to the national average. With a median home price of 150000, the prospect of home ownership appears viable. Average rents for a 2-bedroom apartment and house are 1200 and 1360, respectively, suggesting a moderate rental market. Considering affordability trends, this area can be appealing for families and young professionals looking for a balanced living environment without overstretching their finances.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairfield, IA.
Living in Fairfield, 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 Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Fairfield, IA, consider the following factors: