Cost of Living in Tipton, MO
Housing
The housing market plays a significant role in determining the cost of living in Tipton, MO.
- Housing Index: 75.0 / 100
- Median Home Price is: $145000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $960 per month
Considering a move to Tipton, MO? With a housing index of 75.0, it's relatively affordable compared to national averages. The median home price of 145000 offers a great opportunity for homebuyers. Renting also remains budget-friendly, with both 2-bedroom apartments and houses averaging 960 per month. This affordability could attract new residents seeking a comfortable lifestyle without breaking the bank. Did you know that the cost-effective nature of living in Tipton may also contribute to a thriving local community? This could be an ideal spot for you!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tipton, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Tipton, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 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 Tipton is a financially viable option for your relocation.