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: $380000
• 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: $None USD per Thousand Cubic Feet (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 None 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.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.7

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $126548

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Fishers, IN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.