Cost of Living in Benld, IL
Housing
The housing market plays a significant role in determining the cost of living in Benld, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $95,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Based on the data provided, Benld, IL has an attractive median home price of 95000, making it an appealing destination for potential buyers. However, the housing index of 101.8, alongside the average rents for a 2BR apartment and house both at 0.0, suggests that rental options may currently be unavailable or not considered desirable. This situation can either indicate a housing opportunity for ownership at lower costs, or a sign of insufficient rental market activity. It's crucial to research further into local amenities, job market growth, and community dynamics before making a moving decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Benld, 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 Benld, 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 Benld is a financially viable option for your relocation.