Cost of Living in Liberty, IL
Housing
The housing market plays a significant role in determining the cost of living in Liberty, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Based on the data, Liberty, IL appears to present a unique opportunity for home buyers, especially with a median home price of 150000. However, the housing index indicates undervaluation or potential market instability. Both the average rent for a 2BR apartment and house are currently unreported, suggesting a likely scarcity in rental options or incomplete data. Potential movers should research local amenities, employment opportunities, and school quality, as these can significantly impact long-term value and livability despite current pricing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Liberty, 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 Liberty, 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 Liberty is a financially viable option for your relocation.