Cost of Living in Graymont, IL
Housing
The housing market plays a significant role in determining the cost of living in Graymont, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Graymont, IL? The housing index is currently at 101.8, indicating a quiet market. The median home price of 150000 is appealing, suggesting that purchases here may be within reach for many buyers. However, with both average rents for a 2BR apartment and a house at zero, it signals either a lack of available rental listings or market atypical conditions. This could represent an opportunity for investment, but be sure to verify these factors. Mortgage options might be favorable based on current interest rates, so it’s a prime time for exploration.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Graymont, 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 Graymont, 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 Graymont is a financially viable option for your relocation.