Cost of Living in Godfrey, IL
Housing
The housing market plays a significant role in determining the cost of living in Godfrey, IL.
- Housing Index: Data is updating
- Median Home Price is: $285,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Godfrey, IL, it’s crucial to evaluate the local housing index, currently at 0.0. With a median home price of 285000, potential buyers may find a conducive environment for investment. However, the absence of data for average rent for both 2-bedroom apartments and houses suggests a less competitive rental market, potentially leading to homeownership as a favored option. Keep in mind that surrounding amenities, schools, and public transportation can significantly impact your living experience and property value over time.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Godfrey, 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 Godfrey, 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 Godfrey is a financially viable option for your relocation.