Cost of Living in Highland, IL
Housing
The housing market plays a significant role in determining the cost of living in Highland, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $238,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Based on the provided data for Highland, IL, the housing index at 101.8 indicates a moderately favorable market for potential buyers and renters. With a median home price of 238000 and average rent for a 2BR apartment at 1707, residents can enjoy affordable living compared to many urban centers. Renting a 2BR house at 1855 offers a slightly higher price but could provide additional space and privacy. As more people seek affordability, consider exploring this area’s local amenities and lifestyle, which may also influence your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Highland, 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 Highland, 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 Highland is a financially viable option for your relocation.