Cost of Living: Hoffman estates, IL vs Lexington, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hoffman estates | Lexington |
|---|---|---|
| Housing Index | 110.5 | 95.0 |
| Median Home Price | $390,000 | $275,000 |
| Average Rent (2 BR Apartment) | $1800 | $1350 |
| Average Rent (2 BR House) | $1900 | $1360 |
Housing Comparison: Hoffman estates vs Lexington
- In Hoffman estates, the median home price is higher at $390,000, while in Lexington it is $275,000.
- Renting a two-bedroom apartment costs more in Hoffman estates at $1,800 than in Lexington at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hoffman estates | Lexington |
|---|---|---|
| Electricity Price | $16.15 | $12.87 |
| Natural Gas Price | $16.59 | $22.78 |
| Other Utilities | $250 | $230 |
Utilities Comparison: Hoffman estates vs Lexington
- Electricity costs are higher in Hoffman estates at $16.15 per kWh, compared to $12.87 in Lexington.
- Lexington experiences higher natural gas costs at $22.78 per unit, with costs at $16.59 in Hoffman estates.
- Other utility costs are higher in Hoffman estates at an average of $250, compared to Lexington with $230.