Cost of Living in Kewanee, IL
Housing
The housing market plays a significant role in determining the cost of living in Kewanee, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $133,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Kewanee, IL? The housing index of 101.8 suggests a relatively affordable housing market. With a median home price of 133000 and average rents of 1707 for a 2-bedroom apartment and 1855 for a house, it offers a range of options for different budgets. Notably, homes in this area are likely to appreciate in value as demand increases. Additionally, the cost of living is lower, making it an attractive option for families or those looking for a fresh start.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kewanee, 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 Kewanee, 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 Kewanee is a financially viable option for your relocation.