Cost of Living in Barrington, IL
Housing
The housing market plays a significant role in determining the cost of living in Barrington, IL.
- Housing Index: 120.0 / 100
- Median Home Price is: $476,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1856 per month
Considering a move to Barrington, IL? The housing index of 120.0 indicates that the cost of living is above the national average, implying a competitive market. With a median home price of 476000, purchasing a home may be a significant commitment. For rent, an average 2-bedroom apartment costs approximately 1800, while a 2-bedroom house averages around 1856. It's pivotal to assess your budget against these figures, taking into account local amenities and employment opportunities that could influence your decision to relocate to this alluring area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Barrington, 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.): $250 per month
Living in Barrington, 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 $250 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 Barrington is a financially viable option for your relocation.