Cost of Living in Woodward, IA
Housing
The housing market plays a significant role in determining the cost of living in Woodward, IA.
- Housing Index: Data is updating
- Median Home Price is: $195,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data for Woodward, IA, the housing market suggests an intriguing opportunity for potential homeowners. A median home price of 195000 indicates an affordable entry point into the property market. However, both the housing index and average rent for a 2BR apartment and house are listed as 0.0, warranting further investigation into rental options and property demand. The lack of rental data could suggest a tight market or limited availability of such properties. Overall, with low prices, this could be a great time for buying, but ensure to further explore local economic conditions and amenities before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Woodward, 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.): Data is updating
Living in Woodward, 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 data unavailable 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 Woodward is a financially viable option for your relocation.