Cost of Living in Lindenwood, IL
Housing
The housing market plays a significant role in determining the cost of living in Lindenwood, 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
Analyzing the real estate data for Lindenwood, IL, we see a 101.8 housing index of 0.0, which suggests a deflationary or stagnated housing market. With a median home price of 150000 and no apparent average rent for 2-bedroom apartments or houses, it appears there are few options available in terms of rentals. This discrepancy might indicate limited inventory or high demand on homes dependent on lower priced median values. Digging deeper into local economic factors, schools, and community amenities could provide crucial insights for potential newcomers to make informed decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lindenwood, 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 Lindenwood, 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 Lindenwood is a financially viable option for your relocation.