Cost of Living in Monmouth, IA
Housing
The housing market plays a significant role in determining the cost of living in Monmouth, IA.
- Housing Index: Data is updating
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Monmouth, IA? With a median home price of 185000, the housing market presents an attractive option for potential homeowners. However, the housing index and rental prices are currently at zero, which may indicate either a lack of available properties or a temporary market anomaly. It’s essential to investigate the community further for rental opportunities and housing demand. Given the cost-effective median home price, you may find more significant long-term benefits from choosing to buy rather than rent if market conditions stabilize.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monmouth, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Monmouth, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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 Monmouth is a financially viable option for your relocation.