Cost of Living in Lake zurich, IL
Housing
The housing market plays a significant role in determining the cost of living in Lake zurich, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $437,200
- Average Rent (2 BR Apartment): $2519 per month
- Average Rent (2 BR House): $2738 per month
Considering a move to Lake zurich, IL? With a housing index of 101.8, the market indicates a slightly higher cost of living compared to the national average. The median home price stands at a substantial 437200, reflecting a strong real estate market. Rental options are notable too, with the average rent for a 2BR apartment at 2519 and a 2BR house at 2738. It's essential to evaluate your budget and consider the amenities and lifestyle this area offers, as the investment potential may equate to overall satisfaction in your new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake zurich, 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 Lake zurich, 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 Lake zurich is a financially viable option for your relocation.