Cost of Living in Beardstown, IL
Housing
The housing market plays a significant role in determining the cost of living in Beardstown, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $108,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Beardstown, IL? The current housing index stands at 101.8, indicating potential affordability challenges. With a median home price of 108000, it's a buyer’s market; however, rental options might be limited or nonexistent, as suggested by the average rent figures for a 2-bedroom apartment and house both being 1707 and 1855 respectively. This scenario often reflects a strong preference for homeownership, making it vital to weigh the benefits of buying versus renting in this evolving real estate landscape.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Beardstown, 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 Beardstown, 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 Beardstown is a financially viable option for your relocation.