Cost of Living in Evanston, IL
Housing
The housing market plays a significant role in determining the cost of living in Evanston, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $452,000
- Average Rent (2 BR Apartment): $2398 per month
- Average Rent (2 BR House): $2606 per month
Considering a move to Evanston, IL? With a housing index of 101.8 and a median home price of 452000, the real estate market shows a relatively balanced investment potential. The average rent of 2398 for a 2BR apartment and 2606 for a 2BR house indicates a stable rental landscape. However, it's essential to note that affordability can vary depending on local income levels. Research job prospects and local amenities to further solidify your decision, ensuring you choose a vibrant community that fits your lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Evanston, 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 Evanston, 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 Evanston is a financially viable option for your relocation.