Cost of Living: Prescott, AZ vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Prescott | Palatine |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $531,000 | $316,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1840 | $1840 |
Housing Comparison: Prescott vs Palatine
- In Prescott, the median home price is higher at $531,000, while in Palatine it is $316,000.
- The rent for a two-bedroom apartment is equal in both Prescott and 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 | Prescott | Palatine |
|---|---|---|
| Electricity Price | $15.14 | $16.15 |
| Natural Gas Price | $23.51 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Prescott vs Palatine
- Palatine has higher electricity costs at $16.15 per kWh, versus $15.14 in Prescott.
- Natural gas is more expensive in Prescott at $23.51 per unit, while it is cheaper at $16.59 in Palatine.
- Utility expenses are equal in both Prescott and Palatine averaging $250.