Cost of Living in Fort wayne, IN

Housing

The housing market plays a significant role in determining the cost of living in Fort wayne, IN.

• Housing Index: 85.5 / 100
• Median Home Price is: $195000
• Average Rent (2 BR Apartment): $950 per month
• Average Rent (2 BR House): $1000 per month

When considering a move to Fort wayne, IN, the housing index of 85.5 suggests a moderate affordability, making it a viable option for many. The median home price of 195000 places it within reach for families looking to buy, while the average rent for a 2-bedroom apartment at 950 indicates competitive rental prices. Similarly, renting a 2-bedroom house at 1000 still remains accessible when compared to national averages. Additional amenities and local market trends may further influence your decision, so consider visiting Fort wayne to assess firsthand the community and lifestyle offered.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort wayne, 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.): $200 per month

Living in Fort wayne, 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 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 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: 88.2

Median Income

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

• Median Income: $58233

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 Fort wayne, 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.