Cost of Living in Washington, IN

Housing

The housing market plays a significant role in determining the cost of living in Washington, IN.

• Housing Index: 85.0 / 100
• Median Home Price is: $189000
• Average Rent (2 BR Apartment): $1400 per month
• Average Rent (2 BR House): $1400 per month

When considering a move to Washington, IN, the housing index currently stands at 85.0, indicating a relatively affordable market. With a median home price of 189000 and both average rent for a 2-bedroom apartment and house at 1400, renting seems comparable to buying. This scenario suggests that purchasing a home might be a more viable long-term investment depending on local market trends. Additionally, the cost of living, community amenities, and local job opportunities are critical factors to consider in your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Washington, IN.

• Electricity Price: 14.89 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Washington, IN could entail higher utility costs. Electricity costs sit at 14.89, while natural gas is priced at None 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $48255

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Washington, IN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.