Cost of Living: North reading, MA vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | North reading | Palatine |
|---|---|---|
| Housing Index | 125.0 | 110.0 |
| Median Home Price | $500,000 | $316,000 |
| Average Rent (2 BR Apartment) | $2400 | $1800 |
| Average Rent (2 BR House) | $2450 | $1840 |
Housing Comparison: North reading vs Palatine
- In North reading, the median home price is higher at $500,000, while in Palatine it is $316,000.
- Renting a two-bedroom apartment costs more in North reading at $2,400 than in Palatine at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | North reading | Palatine |
|---|---|---|
| Electricity Price | $28.15 | $16.15 |
| Natural Gas Price | $21.62 | $16.59 |
| Other Utilities | $280 | $250 |
Utilities Comparison: North reading vs Palatine
- Electricity costs are higher in North reading at $28.15 per kWh, compared to $16.15 in Palatine.
- Natural gas is more expensive in North reading at $21.62 per unit, while it is cheaper at $16.59 in Palatine.
- Other utility costs are higher in North reading at an average of $280, compared to Palatine with $250.