Cost of Living in Melvin, IL
Housing
The housing market plays a significant role in determining the cost of living in Melvin, IL.
- Housing Index: Data is updating
- Median Home Price is: $95,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Melvin, IL? With a median home price of 95000, this could be an attractive option for home buyers looking for affordability. However, the housing index and average rents for both 2-bedroom apartments and houses being reported as zero suggests that the rental market may be unstable or underdeveloped. This indicates a potential shortage of rental properties in the area. Before making your decision, consider local economic conditions and amenities that could impact future growth. It may be beneficial to explore nearby neighborhoods as alternatives to broaden your options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Melvin, 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 Melvin, 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 Melvin is a financially viable option for your relocation.