Cost of Living in Edwardsville, IL
Housing
The housing market plays a significant role in determining the cost of living in Edwardsville, IL.
- Housing Index: 95.0 / 100
- Median Home Price is: $317,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Considering a move to Edwardsville, IL? With a housing index of 95.0, it indicates a relatively balanced market, where affordability aligns closely with the national average. The median home price of 317000 and average rent for a 2-bedroom apartment at 1200 represent a fair investment compared to many other regions. Additionally, renting a 2-bedroom house at 1240 offers slight flexibility for families. Overall, Edwardsville appears to be a viable option for those seeking stable housing and reasonable costs, making it worthy of consideration in your relocation plans.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Edwardsville, 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.): $200 per month
Living in Edwardsville, 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 $200 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 Edwardsville is a financially viable option for your relocation.