Cost of Living in Hinsdale, IL
Housing
The housing market plays a significant role in determining the cost of living in Hinsdale, IL.
- Housing Index: 115.0 / 100
- Median Home Price is: $633,000
- Average Rent (2 BR Apartment): $3465 per month
- Average Rent (2 BR House): $3767 per month
In analyzing the real estate potential for Hinsdale, IL, it's important to note a population of with a median age of . The median income stands impressively at , alongside a low poverty level of suggesting financial stability within the community. With approximately % of families being married, the area indicates a dedicated family-oriented environment. However, an unemployment rate of % emphasizes the local economy's stability. This data could suggest a desirable location for potential homebuyers seeking both a prosperous community and a solid investment opportunity.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hinsdale, 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.): $250 per month
Living in Hinsdale, 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 $250 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 Hinsdale is a financially viable option for your relocation.