Cost of Living in Gibson city, IL
Housing
The housing market plays a significant role in determining the cost of living in Gibson city, 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
In evaluating the housing market in Gibson city, IL, we see a housing index of 101.8, suggesting a relatively affordable market compared to the national average. The average rent for a 2-bedroom apartment stands at 1707, while a 2-bedroom house averages 1855. Notably, the median home price is 0, indicating that purchasing options might be limited or nonexistent. If you're looking for competitive rental opportunities without a hefty mortgage burden, this area could be a viable option for you.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gibson city, 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 Gibson city, 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 Gibson city is a financially viable option for your relocation.