Cost of Living in Medinah, IL
Housing
The housing market plays a significant role in determining the cost of living in Medinah, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $352,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
When considering a move to Medinah, IL, it's important to reflect on the current real estate landscape. With a housing index of 101.8, you'd likely encounter unique opportunities and challenges. The median home price sits at 352000, indicating a potentially stable market. However, the absence of rent data for 2-bedroom apartments and houses could suggest a concentrated market or a lack of available properties. For informed decision-making, keep an eye on local market trends, and consider the mystery behind these rental figures, which could profoundly impact future residence options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medinah, 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 Medinah, 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 Medinah is a financially viable option for your relocation.