Cost of Living in Arcola, IL
Housing
The housing market plays a significant role in determining the cost of living in Arcola, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $174,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
When considering a move to Arcola, IL, the data indicates that the median home price is quite affordable at $174000, suggesting a potential opportunity for buyers looking for value. However, the lack of data regarding the housing index, average rent for a 2BR apartment, and average rent for a 2BR house shows potential limitations in the rental market, possibly indicating low availability or fluctuations. Before making a decision, it’s essential to explore local amenities, job opportunities, and the overall market trends in the area to ensure it aligns with your lifestyle and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Arcola, 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 Arcola, 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 Arcola is a financially viable option for your relocation.