Cost of Living in Fishers, IN
Housing
The housing market plays a significant role in determining the cost of living in Fishers, IN.
- Housing Index: 110.3 / 100
- Median Home Price is: $380,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1400 per month
Considering your data for Fishers, IN, the housing index of 110.3 indicates that the cost of living is slightly above the national average. With a median home price of 380000, purchasing a home could represent a significant investment, making it essential to assess your long-term financial goals. Additionally, the average rents of 1350 for a two-bedroom apartment and 1400 for a house suggest that renting might provide a more flexible option in the short term. Evaluating local job markets and amenities can further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fishers, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Fishers, 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 $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 Fishers is a financially viable option for your relocation.