Cost of Living in Hartford, IL
Housing
The housing market plays a significant role in determining the cost of living in Hartford, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Hartford, IL? The housing index stands at 101.8, indicating it's slightly above the national average, which could explain the moderately priced median home price of 155000. With average rent at 1707 for a 2-bedroom apartment and 1855 for a 2-bedroom house, potential residents might weigh the benefits of purchasing versus renting. Given that historically, home prices tend to appreciate, investing now might yield long-term benefits, especially if job opportunities and local amenities continue to improve. Research and weigh your options carefully!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hartford, 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 Hartford, 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 Hartford is a financially viable option for your relocation.