Cost of Living in Sloan, IA
Housing
The housing market plays a significant role in determining the cost of living in Sloan, IA.
- Housing Index: 90.0 / 100
- Median Home Price is: $155000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering your potential move to Sloan, IA, the housing index stands at 90.0, indicating it’s an affordable market relative to other regions. With a median home price of 155000, purchasing here could be a sound investment. Renting options show an average of 1200 for a 2-bedroom apartment and 1360 for a 2-bedroom house, which is reasonable compared to national averages. Assess your long-term plans, as buying may offer sturdier equity than renting, especially in a stable market like this.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sloan, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Sloan, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 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 Sloan is a financially viable option for your relocation.