Cost of Living in Island lake, IL
Housing
The housing market plays a significant role in determining the cost of living in Island lake, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $287,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
If you're considering a move to Island lake, IL, the housing situation shows that the median home price is currently 287000. However, the housing index and average rents for both 2-bedroom apartments and houses are currently listed at 0.0, suggesting either a lack of available data or a possible low rental market. With such data gaps, it’s crucial to research local amenities, job opportunities, and community vibe in Island lake. Given the median home price, it may be a budget-friendly option, but prospective residents should verify current rental conditions to get a comprehensive view of the housing landscape.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Island lake, 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 Island lake, 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 Island lake is a financially viable option for your relocation.