Cost of Living in Baileyville, IL
Housing
The housing market plays a significant role in determining the cost of living in Baileyville, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Based on the provided data, Baileyville, IL presents a unique real estate situation. With a median home price of 150000, homeownership appears affordable, particularly if you're looking for a long-term investment. However, the housing index at 101.8 indicates potential concerns regarding market stability. Furthermore, with average rents for a 2-bedroom apartment and house both reported as 1707 and 1855 respectively, there could be a lack of rental options, suggesting limited market diversity. It’s essential to weigh these factors alongside lifestyle preferences before making any decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Baileyville, 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 Baileyville, 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 Baileyville is a financially viable option for your relocation.