Cost of Living in Maywood, IL
Housing
The housing market plays a significant role in determining the cost of living in Maywood, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $229,900
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering the housing data for Maywood, IL, we can observe that the housing index stands at 101.8, while the median home price is relatively affordable at 229900. However, the average rent values for both a 2-bedroom apartment and house are currently set at 1707 and 1855, respectively, indicating a possible lack of rental options or a need for further data clarification. It may be beneficial to look into nearby regions to make a more well-rounded decision regarding your relocation, especially if rental affordability is a priority.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Maywood, 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 Maywood, 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 Maywood is a financially viable option for your relocation.