Cost of Living in Chicago ridge, IL
Housing
The housing market plays a significant role in determining the cost of living in Chicago ridge, IL.
- Housing Index: Data is updating
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In considering a move to Chicago ridge, IL, it’s important to note the housing landscape, marked by a housing index of 0.0. The median home price stands at a reasonable 265000, suggesting purchasing options that could be more affordable compared to larger urban areas. However, with both the average rent for a 2-bedroom apartment and house being represented as 0.0 and 0.0, it indicates minimal rental activity or potentially unlisted data, which may create challenges in your housing search. This affordability might present an advantage for buyers over renters in the current market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chicago ridge, 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.): Data is updating
Living in Chicago ridge, 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 data unavailable 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 Chicago ridge is a financially viable option for your relocation.