Cost of Living in Princeton, IL
Housing
The housing market plays a significant role in determining the cost of living in Princeton, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
Considering your exploration of moving to Princeton, IL, the housing index of 101.8 suggests it's a relatively affordable area. With a median home price of 100000, purchasing a property could be financially achievable. Furthermore, when looking at rental options, the average rent for a 2-bedroom apartment stands at 1707 and for a house at 1855. This indicates that monthly renting could also be a manageable option. Keep in mind, examining local job markets and amenities is just as crucial to support your long-term move decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Princeton, 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 Princeton, 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 Princeton is a financially viable option for your relocation.