Cost of Living in Naperville, IL
Housing
The housing market plays a significant role in determining the cost of living in Naperville, IL.
- Housing Index: 120.0 / 100
- Median Home Price is: $395,000
- Average Rent (2 BR Apartment): $2101 per month
- Average Rent (2 BR House): $2284 per month
In analyzing the data for Naperville, IL, we note a population of with a median age of . The economic landscape shows promise with a strong median income of , paired with a relatively low poverty level of %. Approximately 49% of households are married families, suggesting a community-oriented atmosphere. However, the unemployment rate stands at %, indicating potential economic challenges that could affect job seekers. Overall, Naperville presents a mix of stability and opportunity, ideal for those seeking a balanced lifestyle. Consider these factors carefully when planning your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Naperville, 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.): $250 per month
Living in Naperville, 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 $250 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 Naperville is a financially viable option for your relocation.