Cost of Living in Bellwood, IL
Housing
The housing market plays a significant role in determining the cost of living in Bellwood, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $232,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering moving to Bellwood, IL? With a housing index of 101.8, it appears that housing costs are relatively stable compared to national averages. The median home price stands at 232000, making homeownership accessible, while average rents for a 2-bedroom apartment and house are at 1707 and 1855 respectively. This reflects a reasonable rental market, although potential homeowners should weigh monthly mortgage payments against rental prices. Additionally, region-specific factors such as job growth, amenities, and schools will significantly impact your living experience here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bellwood, 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 Bellwood, 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 Bellwood is a financially viable option for your relocation.