Cost of Living in Glenarm, IL
Housing
The housing market plays a significant role in determining the cost of living in Glenarm, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $120,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering moving to Glenarm, IL? The current housing index is low at 101.8, which may suggest an influx of affordable options in the market. The median home price is quite reasonable at 120000, making home ownership potentially attainable. However, be mindful as the zeros in average rent for a 2-bedroom apartment and house could indicate an ultra-competitive market or lack of available rental properties, making it hard to find rental options. It might be advantageous to explore alternatives housing markets in the surrounding region for a comprehensive understanding.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Glenarm, 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 Glenarm, 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 Glenarm is a financially viable option for your relocation.