Cost of Living in Eldorado, IL
Housing
The housing market plays a significant role in determining the cost of living in Eldorado, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $103,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Eldorado, IL? The housing index stands at 101.8, indicating affordability compared to national averages. A median home price of 103000 signals a reasonable entry point for homebuyers, while average rents of 1707 for a 2-bedroom apartment and 1855 for a 2-bedroom house provide viable rental options. This combination makes Eldorado an appealing location for both buyers and renters. Plus, a robust local economy and community amenities could enhance the overall living experience in this vibrant area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Eldorado, 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 Eldorado, 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 Eldorado is a financially viable option for your relocation.