Cost of Living in Peru, IN
Housing
The housing market plays a significant role in determining the cost of living in Peru, IN.
- Housing Index: 85.0 / 100
- Median Home Price is: $152000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $820 per month
Considering a move to Peru, IN? The housing index sits at 85.0, suggesting affordability compared to national averages. With a median home price of 152000 and average rents for a 2-bedroom apartment at 800 and a house at 820, it's evident that costs remain competitive. This indicates a favorable environment for both renters and prospective homeowners. Moreover, investing in real estate in this area could yield positive returns given market trends. Evaluate your options carefully to determine the best fit for your lifestyle!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Peru, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Peru, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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 Peru is a financially viable option for your relocation.