Cost of Living in Meridian, ID
Housing
The housing market plays a significant role in determining the cost of living in Meridian, ID.
- Housing Index: 115.0 / 100
- Median Home Price is: $427,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1940 per month
Considering a move to Meridian, ID? With a housing index of 115.0, the market appears to be moderately competitive. The median home price rests at 427000, indicating a substantial investment for buyers. If renting is your preference, be prepared for an average rent of 1800 for a 2-bedroom apartment and slightly higher at 1940 for a 2-bedroom house. Given these figures, it is crucial to weigh your budget and housing needs carefully, especially since the local economy and amenities can significantly impact your living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Meridian, 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.): $250 per month
Living in Meridian, 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 $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 Meridian is a financially viable option for your relocation.