Cost of Living in Hobart, IN
Housing
The housing market plays a significant role in determining the cost of living in Hobart, IN.
- Housing Index: 0.0 / 100
- Median Home Price is: $225000
- Average Rent (2 BR Apartment): $0.0 per month
- Average Rent (2 BR House): $0.0 per month
In Hobart, IN, the housing index is currently at 0.0, indicating a potentially favorable environment for buyers. The median home price of 225000 suggests that homes are relatively affordable. However, with the average rent for a 2-bedroom apartment and house both at 0.0 and 0.0 respectively, there might be opportunities for rentals as housing demand grows or shifts. Overall, based on these figures, both homebuyers and renters should weigh their options based on personal circumstances and long-term living goals in this evolving market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hobart, 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.): $0.0 per month
Living in Hobart, 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 0.0 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 Hobart is a financially viable option for your relocation.