Cost of Living in Gary, IN
Housing
The housing market plays a significant role in determining the cost of living in Gary, IN.
- Housing Index: Data is updating
- Median Home Price is: $154,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Gary, IN? The local housing index is currently at 0.0, suggesting that housing options are relatively favorable or stable. With a median home price of 154000, purchasing a home here might be more affordable compared to less favorable markets, especially if you anticipate growth in the future. However, note that the average rent for a 2-bedroom apartment is 0.0 and for a house is 0.0, which could indicate housing supply constraints. Hence, it's worth exploring local amenities and job opportunities before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gary, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Gary, 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 data unavailable 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 Gary is a financially viable option for your relocation.