The housing market plays a significant role in determining the cost of living in Meridian, ID.
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.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Meridian, ID.
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 Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Meridian, ID, consider the following factors: