Cost of Living in Okeechobee, FL

Housing

The housing market plays a significant role in determining the cost of living in Okeechobee, FL.

• Housing Index: 85.0 / 100
• Median Home Price is: $206800
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1440 per month

Considering a move to Okeechobee, FL? With a housing index of 85.0, it appears to be a moderately affordable area. The median home price is approximately 206800, while the average rent for a 2-bedroom apartment is about 1200 and a 2-bedroom house averages 1440. For those looking to buy, owning a home could be cost-effective compared to renting, especially given the area's overall housing trends. Make sure to evaluate local amenities and job opportunities to further inform your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Okeechobee, FL.

• Electricity Price: 13.89 USD (median by state)
• Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $180 per month

Living in Okeechobee, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 180 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.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 97.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $50476

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Okeechobee, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.