Cost of Living in Concord, IL
Housing
The housing market plays a significant role in determining the cost of living in Concord, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Based on the provided data for Concord, IL, the absence of metrics like housing index, median home price, and average rents may indicate a nascent or unstable real estate market. This could present an opportunity for affordable living; however, it also carries risks due to potential fluctuations or limited housing options. Always consider the local economy, job market, and amenities. It’s essential to research further before making a decision, as many areas offer hidden gems that may not be reflected in raw data alone. Understanding community and market dynamics can inform your choice effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Concord, 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 Concord, 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 Concord is a financially viable option for your relocation.