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: $195,000
- 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: Data is updating (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 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 Fort wayne is a financially viable option for your relocation.