Cost of living in Kokomo
Kokomo, located in Indiana, is a city known for its rich automotive history and vibrant community. Understanding the cost of living in Kokomo is crucial for anyone considering moving to or residing in the city.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $12.78 on average, with a range between $10 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $57.5, with prices ranging from $44 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $10.99.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $9, imported beer $4.65 to $12, cappuccino $2 to $8.78, and Coke/Pepsi $1.5 to $5.42.
Grocery Prices
- Milk - Milk is priced between $0.59 and $0.97 per liter, averaging $0.78.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.65 and $4.96, with an average price of $2.87.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $3.39, averaging $2.77.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.93 to $8.8 per kg, while oranges range from $1 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $3.06 per kg, and lettuce costs $1.3 to $1.99 per head.
Transportation
- Public Transport (One-Way Ticket) - Public transport options are limited, with no standard pricing available for one-way tickets or monthly passes.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.95 per liter.
- Taxi Fares - Taxi fares start at $3.75, with a cost of $1.24 to $3.11 per km and $15 to $30 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $850.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $900.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1400 to $1800, averaging $1566.67.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1300 to $1500, averaging $1383.33.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1238.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $1238.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $80.64 and $250, averaging $137.92.
- Internet - Internet services range from $45 to $85, with an average cost of $58.54.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Kokomo offers a relatively affordable cost of living compared to larger cities, with moderate housing and grocery prices.
Dining out can vary significantly in cost, offering both budget-friendly and upscale options.
Transportation costs are low, especially for gasoline, though public transport options are limited.
Utilities and internet services are reasonably priced, contributing to overall affordability.
Conclusion
In conclusion, Kokomo, IN, presents a balanced cost of living with affordable housing and essential services.
While dining and entertainment can vary in price, the city offers options for different budgets.
Potential residents can enjoy a comfortable lifestyle without the high costs associated with larger metropolitan areas.