Cost of Living in Shelbyville, IN
Housing
The housing market plays a significant role in determining the cost of living in Shelbyville, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
Considering a move to Shelbyville, IN? With a housing index of 90.0, this area is slightly below the national average, indicating affordability. The median home price of 175000 is quite reasonable compared to many urban centers, making homeownership more accessible. Additionally, average rents for a 2-bedroom apartment and house are 1200 and 1300, respectively. This suggests a competitive rental market, suitable for diverse budgets. Given the relative affordability, it's a solid choice for those looking to balance cost of living with quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shelbyville, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Shelbyville, 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 $250 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 Shelbyville is a financially viable option for your relocation.