Cost of Living in Gibsonburg, OH
Housing
The housing market plays a significant role in determining the cost of living in Gibsonburg, OH.
- Housing Index: 88.5 / 100
- Median Home Price is: $152,000
- Average Rent (2 BR Apartment): $1000 per month
- Average Rent (2 BR House): $1045 per month
Based on the current housing data for Gibsonburg, OH, the housing index of 88.5 indicates a moderately affordable market. The median home price of 152000 is notably lower than the national average, making homeownership more accessible for potential buyers. Additionally, the average rent for a 2-bedroom apartment is 1000, while renting a 2-bedroom house averages 1045. This suggests a competitive rental market that may appeal to families or long-term renters. Overall, it's an opportune time for individuals considering a move to Gibsonburg.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gibsonburg, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Gibsonburg, OH could entail higher utility costs. Electricity costs sit at $15.92, 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 Gibsonburg is a financially viable option for your relocation.