Cost of Living in Pontiac, IL
Housing
The housing market plays a significant role in determining the cost of living in Pontiac, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $162,500
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering a move to Pontiac, IL? The current housing data indicates a housing index of 101.8, which suggests a favorable market. The median home price is set at 162500, making it an attractive option for potential homebuyers. However, the average rent for both a 2-bedroom apartment and house is currently reported as 1707 and 1855 respectively, possibly hinting at limited rental availability. If affordability is a priority, this area may be appealing; however, consider exploring the local amenities and community as well to ensure it meets your lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pontiac, 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 Pontiac, 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 Pontiac is a financially viable option for your relocation.