Cost of Living in Troy, OH
Housing
The housing market plays a significant role in determining the cost of living in Troy, OH.
- Housing Index: 85.0 / 100
- Median Home Price is: $207000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $856 per month
Considering a move to Troy, OH? With a housing index of 85.0, the area presents an affordable living situation. The median home price stands at 207000, making homeownership accessible compared to many regions. Renting isn't far behind, with average rents for a 2-bedroom apartment at 800 and a house at 856. This competitive pricing indicates a favorable market for both buyers and renters. Additionally, low property taxes in the state could make your investment more attractive. Balancing costs with lifestyle is crucial for a successful transition.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Troy, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Troy, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable 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 Troy is a financially viable option for your relocation.