Cost of Living in Sanford, FL
Housing
The housing market plays a significant role in determining the cost of living in Sanford, FL.
- Housing Index: 95.0 / 100
- Median Home Price is: $327,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1900 per month
If you're considering making a move to Sanford, FL, it's crucial to understand the housing landscape. With a housing index of 95.0 and a median home price of 327000, the market is relatively balanced, favorable for buyers. However, keep in mind that renting a 2-bedroom apartment here averages 1800, while a 2-bedroom house averages 1900. These figures indicate a competitive rental market. Also, with the rising costs in many areas, investing in homeownership could potentially save you money in the long run, as buying may be more advantageous compared to ongoing rent payments.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sanford, 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.): $150 per month
Living in Sanford, 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 $150 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 Sanford is a financially viable option for your relocation.