Cost of Living in Portland, IN
Housing
The housing market plays a significant role in determining the cost of living in Portland, IN.
- Housing Index: 85.0 / 100
- Median Home Price is: $119,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
If you're considering relocating to Portland, IN, the housing situation appears favorable. With a robust housing index of 85.0, and a median home price of 119000, purchasing a home could be a sound investment. Moreover, renting shows reasonable rates, with an average rent of 1200 for a 2-bedroom apartment and 1300 for a 2-bedroom house. This suggests that both homebuyers and renters can find relatively affordable options. Additionally, keep in mind the local job market and amenities, as these 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 Portland, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $220 per month
Living in Portland, 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 $220 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 Portland is a financially viable option for your relocation.