Cost of Living in Granite city, IL
Housing
The housing market plays a significant role in determining the cost of living in Granite city, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $129,000
- Average Rent (2 BR Apartment): $841 per month
- Average Rent (2 BR House): $914 per month
If you're considering a move to Granite city, IL, the housing market appears quite favorable, with a housing index of 101.8 indicating a balanced opportunity for both buyers and renters. The median home price of 129000 is relatively affordable compared to national averages, making homeownership accessible. While average rent prices are competitively priced at 841 for a 2-bedroom apartment and 914 for a house, it's important to assess your long-term plans. Factors such as job availability, local amenities, and lifestyle should also weigh in your decision-making process. Overall, Granite city is a viable option for a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Granite 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 Granite 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 Granite city is a financially viable option for your relocation.