Cost of Living in Iberia, OH
Housing
The housing market plays a significant role in determining the cost of living in Iberia, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $111,000
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1481 per month
Analyzing the real estate data for Iberia, OH, reveals a very favorable median home price of 111000. However, the housing index of 91.8 indicates potential issues with housing demand or availability, leading to an unexpected average rent of ${0.0} for both 2-bedroom apartments and houses. This prompt suggests it's an opportune moment for buyers seeking affordability. Consider researching local amenities and job opportunities as they impact long-term value and livability. Always stay informed about market trends, which can change significantly over time, affecting your investment accordingly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Iberia, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Iberia, 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 $229 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 Iberia is a financially viable option for your relocation.