Cost of Living in Olympia fields, IL
Housing
The housing market plays a significant role in determining the cost of living in Olympia fields, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $320,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
When considering a move to Olympia fields, IL, it's important to examine the housing market dynamics. With a median home price of 320000, this area seems to attract homebuyers looking for solid investment opportunities. However, the lack of data on the housing index and both average rents for a 2-bedroom apartment and house suggests that the market could either be developing or facing challenges. It's essential to explore local amenities, employment opportunities, and community aspects that could impact your overall decision. Assess these factors to gauge if Olympia fields aligns with your lifestyle and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Olympia fields, 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 Olympia fields, 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 Olympia fields is a financially viable option for your relocation.