Cost of Living in Alpha, IL
Housing
The housing market plays a significant role in determining the cost of living in Alpha, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $117,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering the data for Alpha, IL, the housing index currently stands at 101.8, indicating a potentially unstable or non-competitive market. The median home price is relatively affordable at 117000, which could attract first-time homebuyers or investors. However, both average rents for 2BR apartments and houses are reported at 1707 and 1855, suggesting a lack of rental options or possibly a market in transition. It's crucial to further investigate the area's economic conditions, amenities, and job opportunities before making any decisions on relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alpha, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $244 per month
Living in Alpha, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $244 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 Alpha is a financially viable option for your relocation.