Cost of Living in Gooding, ID
Housing
The housing market plays a significant role in determining the cost of living in Gooding, ID.
- Housing Index: 85.0 / 100
- Median Home Price is: $303,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
When considering a move to Gooding, ID, the housing index is moderate at 85.0, indicating a balanced market. The median home price of 303000 places homeownership within reach for many, while the average rent for a 2-bedroom apartment at 800 and a house at 850 suggests affordable rental options. It's essential to note that living costs, local amenities, and job opportunities also play significant roles. With a stable housing environment, Gooding could be an ideal spot for those looking to invest in property or secure an affordable rental.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gooding, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Gooding, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 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 Gooding is a financially viable option for your relocation.