Cost of Living in Kankakee, IL
Housing
The housing market plays a significant role in determining the cost of living in Kankakee, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $142,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Kankakee, IL? With a housing index of 90.0, affordability seems feasible, especially with a median home price of 142000. The average rent for a 2-bedroom apartment is 1200, and a 2-bedroom house averages 1360. These figures indicate a balanced market both for rent and purchase. As you make your decision, also factor in the local amenities, community vibe, and job opportunities; these elements significantly contribute to the overall living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kankakee, 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 Kankakee, 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 Kankakee is a financially viable option for your relocation.