Cost of Living in Brookfield, IL
Housing
The housing market plays a significant role in determining the cost of living in Brookfield, IL.
- Housing Index: 120.0 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
When considering a move to Brookfield, IL, you'll find a housing index of 120.0 demonstrating a moderately competitive market. The median home price stands at 250000, making homeownership within reach for many. However, renting may pose a financial challenge, with average rents at 1800 for a 2-bedroom apartment and 1920 for a 2-bedroom house. Knowledge of these costs is essential for budgeting and identifying if this area meets your lifestyle and financial goals. Remember, factors like job opportunities and quality of life also play a crucial role in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brookfield, 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 Brookfield, 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 Brookfield is a financially viable option for your relocation.