Cost of Living in Lake ariel, PA
Housing
The housing market plays a significant role in determining the cost of living in Lake ariel, PA.
- Housing Index: 90.0 / 100
- Median Home Price is: $310000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
In Lake ariel, PA, the housing index of 90.0 indicates a relatively affordable market compared to national averages. The median home price stands at 310000, making it accessible for potential homebuyers. Renting is also a viable option, with the average rent for a 2-bedroom apartment at 1600 and a 2-bedroom house at 1640. Considering these factors, investing in a home might yield long-term benefits, especially in a competitive real estate landscape where property values can appreciate over time. Evaluate your financial stability and preferences 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 Lake ariel, PA.
- Electricity Price: $17.68 USD (median by state)
- Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lake ariel, PA could entail higher utility costs. Electricity costs sit at $17.68, while natural gas is priced at $17.61 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 Lake ariel is a financially viable option for your relocation.