Cost of Living in Cobden, IL
Housing
The housing market plays a significant role in determining the cost of living in Cobden, 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
In analyzing the current housing data for Cobden, IL, the median home price stands at a surprising 150000, suggesting that homeownership could be an attractive option for prospective buyers. However, the absence of a housing index and rental values at 0.0 raises red flags, indicating a potential lack of available rental properties. This could point to a competitive housing market or difficulties in accessing current rental listings. If affordability is a priority, investigate further on local housing trends or consider neighboring areas which may offer more stable rental options while ensuring adequate housing choices for both renters and future homeowners.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cobden, 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 Cobden, 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 Cobden is a financially viable option for your relocation.