Cost of Living in Royalton, IL
Housing
The housing market plays a significant role in determining the cost of living in Royalton, IL.
- Housing Index: 101.8 / 100
- Median Home Price is: $162,000
- Average Rent (2 BR Apartment): $1707 per month
- Average Rent (2 BR House): $1855 per month
When considering a move to Royalton, IL, the housing market shows promising potential with a median home price of 162000. However, with a housing index of 101.8, it may indicate current market challenges. Notably, the average rent for both 2-bedroom apartments and houses is currently at zero, which is unusual, suggesting a possible transient market situation or other underlying issues. Buyers should proceed with caution and consider local amenities, neighborhood dynamics, and potential future developments to ensure this decision aligns with their long-term goals and lifestyle preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Royalton, 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 Royalton, 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 Royalton is a financially viable option for your relocation.